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The Development of the Standard of Living of Czech Pensioners
[Vývoj životní úrovně osob v důchodovém věku]

Author

Listed:
  • Martina Šimková
  • Jaroslav Sixta

Abstract

The development of the standard of living of pensioners is an important issue that is very rarely analysed. The paper focuses on the development of households' consumption for both economically active and economically inactive households. Besides the impacts on individuals' consumption, it is the most important expenditure component of gross domestic product. The change in households' consumption is also caused by population aging. It means that the proportion of people in the retirement age and pensioners' households increases. Actually, this causes that the number of people needed to provide for retired people is decreasing. The paper deals with the analysis of future living conditions of pensioners, i.e., people, who are still part of the productive population nowadays. This text also deals with present and future consumption by different types of households based on a projection of the population in the retirement age. Finally, estimates of the structure of their consumer spending and comparison with the current spending are presented.

Suggested Citation

  • Martina Šimková & Jaroslav Sixta, 2013. "The Development of the Standard of Living of Czech Pensioners [Vývoj životní úrovně osob v důchodovém věku]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2013(3), pages 14-31.
    • Handle: RePEc:prg:jnlaop:v:2013:y:2013:i:3:id:402:p:14-31
    DOI: 10.18267/j.aop.402
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    References listed on IDEAS

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    1. Schwerdt, Guido, 2005. "Why does consumption fall at retirement? Evidence from Germany," Economics Letters, Elsevier, vol. 89(3), pages 300-305, December.
    2. Andrew Mason & Ronald Lee & An-Chi Tung & Mun-Sim Lai & Tim Miller, 2009. "Population Aging and Intergenerational Transfers: Introducing Age into National Accounts," NBER Chapters, in: Developments in the Economics of Aging, pages 89-122, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    population aging; projection; households' consumption; economic activity; living standard;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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