The thesis will be aimed on problematics of the social politics, concretely on comparison of the Czech republic pension system and Finland pension system. Aim of the theoretical part of thesis will be to explain and clarify problematics of social politics with focus on pension systems. Diploma thesis will also contain strict preview of the pension system from the political view, because pension system is influenced by the political decisions a lot. Aim of the practical part of thesis will be pointing out between pension systems, reveal their pros and cons and finding appropriate implications, if there are some for Czech pension system and suggest possible improvements to the future. Basic hypothesis of this thesis will be then tested on this comparative analysis. Conclusion of this thesis should reveal answer to the question, if there are some principles and mechanisms, Czech republic can be inspired from Finland and if it is appropriate to implicate these principles to the Czech system.

In this thesis is introduced unusual approach of pension system which takes into account number of behaved children. Attention is given to evaluation and comparison of the specific proposals of this approach if they can contribute to financial sustainability of the pension system. The theoretical part of the thesis is focused on classification of pension systems generally and characterization of the pension system in the Czech Republic. In the practical part of my thesis, the comparison between costs for raising a child and the state children financial support is shown on the theoretical example for parents with average salaries. Finally there are two recommended proposals of pension system which take into account number of children. The first one is based on implementation of mandatory funded pillar. The second concept operates within pay-as-you-go system with implementation of generation fund. The generation fund represents financial reserve to cover pensions in the period when productive generation will not be able to finance pensions sufficiently.

This thesis focuses on the development of pension formula and its detailed analysis for the 1996 -- 2012 time period. The theoretical part describes pension system in general and places the Czech pension system within the systems of other OECD members. In the practical part I analyze specific criteria of the formula and I estimate the impact of these criteria on the size of pension, and which of the criteria add to the solidariy of the pension system.

Retirement System of the Slovak Republic is composed of two main pillars, which are different from the way they recognize pension benefits. While the first pillar is based on solidarity, the second pillar of the pension system to the fore merit. This thesis seeks to assess the functioning of both these pillars, their most important challenges and opportunities of maintaining the pension system. The maintenance of the pension system is also connected to the main objective of the work, which is the second pillar of the impact on the government deficit, namely the Social Insurance Agency.

The theme of my thesis is "Investment life insurance in the Czech insurance market". At the beginning of my work I will analyse the developement of investment life insurance, which I mean the very beginning of the insurance industry in our territory to the insurance industry after the establishment of the independent Czech Republic. Attention in this section is paid and number of insurance companies, developement of prescribed premium or the number of insured persons. The second part is devoted to the characteristics of investment life insurance, such as the definition itself, its objective, conceptual apparatus, but also a form of investment strategies, creation of reserves and no less important level of charges. In the third section I compare the investment life insurance with other insurance products, namely capital life insurance and retirement life insurance. Comparison is made on insurance products of Kooperativa, a.s. Advantage of investment life insurance in connection with the past, present and the views and plans for the future are dealt with in another part of my work, with also mention the current crisis and factors affecting the investment life insurance market. In the fifth part I focus on pension reform and the potential impact on the investment life insurance. The conclusion is devoted to a specific models predetermined assumptions for different age groups.

The objective of the thesis is to introduce and compare old age financial securing possibilities. The work is not focused on macroeconomic rating of the pension system in the Czech Republic but on individual coping with fixed conditions and finding an optimal way to old age securing with the help of private saving. The thesis has been divided into two parts. In the first one the current pension system has been partially presented and particular saving possibilities have been introduced. The second part has been devoted to a calculation of particular saving forms advantageousness and it has been finished with a recommended saving plan.

This thesis is concerned with the options of the choice of the appropriate way for citizens to save or invest their financial means in order to prepare for the era of the postproductive age -- retirement. It is obvious that a significant drop of income occurs after the end of the productive period of life. The pensions are not sufficient for maintaining a certain level of living and that is why it is important to prepare for this postproductive period in advance and to create financial reserves. The current financial market offers the citizens a variety of means and options to not only appropriately save their financial means but to take interest from them as well. The thesis characterizes individual saving or investment products while focusing on their safety, the possibility of interest and basic advantages and disadvantages. Life insurance is mentioned in the first place, though it does not offer a high profit, it provides insurance security unlike other possibilities and it definitely should not be overlooked. The thesis also briefly deals with several changes concerning the pensions system since 1.1.2013.

This dissertation work analyzes the structure of mandatory spending in Czech Republic and explores their development since joining the European Union up to year 2014. The work deals with a public sector and with his changes in this period. The main part of the dissertation work analyzes the biggest part of mandatory spending- pension system and its reformation. It tries to clarify, wheather the third pillar of pension system is used for his purpose or for good opportunity to make savings with state support. In this dissertation work is included a part about second pillar of pension system. It analyzes frekvention of using by citizens of Czech Republic and why is it on determinated level. The dissertatoon work analyzes Czech pension funds which deal with both capital pillars. It also includes analyzes of reforms in first pillar - Pay as you go system. It examines oppinions of political parties on changes in pension system and describes their recomendations for future progression of pension system. In the last chapter is analyzed Slovak pension reform, because it was started before Czech reform and it allowes a comparation and edification about some faults.

The diploma thesis is focused on issues concerning employment of elderly people in the Czech Republic. The thesis contains main theoretical resources including demographic predictions. Furthermore analyzes macroeconomic context and the causes of employment development of people over fifty years old in last ten years. In last chapter there are described method of calculation of pension benefit, retirement age, revenues and expenses of pension system and its sustainability. This thesis verifies hypothesis that increasing retirement age could solve the sustainability problem of first pillar of pension system. In conclusion, the results of the research are evaluated.

Orientador: Bruno Martarello De Conti / Dissertação (mestrado) - Universidade Estadual de Campinas, Instituto de Economia / Made available in DSpace on 2018-08-27T08:55:06Z (GMT). No. of bitstreams: 1 Bastos_HenriqueGoncalves_M.pdf: 1980248 bytes, checksum: b41309facbe175243df3839a0b18cec1 (MD5) Previous issue date: 2015 / Resumo: O objetivo desta dissertação é avaliar se os fundos fechados de previdência complementar atuam ou têm potencial para atuar na alocação de ativos em instrumentos de funding no Brasil. Em simultâneo, explora-se algumas das razões apontadas na literatura para explicar porque o país não dispõe de um sistema privado e autônomo capaz de financiar investimentos no longo prazo. Para investigar o assunto, são apresentados os principais elementos teóricos de uma economia monetária de produção que auxiliam na compreensão do tema, sobretudo o circuito finance-funding, proposto por Keynes, em contraposição à teoria convencional dos fundos emprestáveis, que coloca a poupança como elemento previamente necessário à realização do investimento. São consideradas também as questões pertinentes ao capitalismo globalizado sob dominância financeira, que identifica a importância dos investidores institucionais na determinação dos grandes movimentos de capitais, da exacerbação da preferência pela liquidez e do comportamento de curto prazo nos mercados secundários. Considerando a hipótese de que o financiamento ao investimento de longo prazo no Brasil não depende do fluxo prévio de poupança, mas da estratégia de alocação da riqueza dos agentes econômicos que atuam no mercado financeiro nacional, foram avaliados os fundos fechados de previdência complementar (fundos de pensão) para analisar sua pertinência / Abstract: This work aims to assess whether private pension funds acts or have the potential to act in asset allocation to funding instruments in Brazil. It also explores some of the reasons presented in the literature to explain why the country does not have a private and autonomous system able to finance long-term investments. To investigate this matter, the main theoretical elements of a monetary economy of production are employed to aid in the understanding of the subject, especially the finance funding circuit, as proposed by Keynes, in contrast to the loanable funds conventional theory, which puts the prior savings argument as a crucial need to investment. The issues related to global capitalism under financial dominance, which identifies the importance of institutional investors in determining the large movements of capital, the exacerbation of the liquidity preference and the short-term behavior in secondary markets, are also considered. Pension funds market was observed to test the relevance of the assumption that financing of long-term investment in Brazil does not depend on the flow of prior savings, but on the wealth allocation strategy of economic agents operating in the domestic financial market / Mestrado / Teoria Economica / Mestre em Ciências Econômicas