Is the relationship between insurance consumption and its determinants spurious? Is general insurance a luxury service? Do bequest motives matter for life insurance consumption? Is private credit important for the development of life insurance? Do socioeconomic development and informal risk sharing institutions matter for formal insurance consumption? This thesis investigates these and other related issues using international datasets and relatively new panel data method, namely the Common Correlated Effects Pooled (CCEP) estimator. A novelty of the CCEP is that it takes into account the impacts of unobserved common factors. The thesis consists of an introduction, three empirical chapters and conclusions. Chapter 2 studies the relationship between nonlife insurance consumption and income/wealth per capita. Estimation results suggest that income elasticity is below unity and that nonlife insurance is positively related to GDP per capita, the law, risk aversion, infrastructural development, and negatively related to socioeconomic development. Chapter 3 explores life insurance consumption driven by bequest motives. We found that life insurance consumption is positively related to GDP per capita, old age dependency ratio, infrastructural development, and social security and welfare; and negatively related to the extended family institution, savings, inflation, and risk aversion. Estimation results suggest the presence of altruistic, and bequest as exchange old age security motives. Chapter 4 investigates the long run relationship and causality direction between private credit consumption and life insurance development. Life insurance development may be explained by GDP per capita, formal and informal credit consumption, infrastructural development, life expectancy, institutional quality, inflation, and Islam, and Orthodox being the dominant religions. Cointegration test results suggest that life and nonlife insurance consumption and its determinants exhibit a long run relationship; and that there is a long run bi-directional causality relationship between life insurance development and private credit consumption. The thesis concludes that insurance development requires institutional and infrastructural development-in particular- telecommunications infrastructure, to facilitate cost effective insurance supply.

<p>One of the more interesting changes observed over the Twentieth Century has been the development of industrialized nations such as Canada into "welfare states", wherein there is some degree of a redistribution of national wealth, in the interest of creating a social safety net. While the Canadian welfare system grew and matured during the early and mid 20th Century, the larter quarter has been a time of stagnation and in some cases, retrenchment. A key rationale for proposals to reduce seniors' benefits has been the accelerated rate of population aging, and how current programs cannot be sustained in light of the increasing numbers of the elderly who will draw on them.</p> <p>In response to these concerns, the Progressive Conservative government made a number of structural changes to Old Age Security and the tax system in the 1980's, in the form of partial de-indexation, which would effectively decrease the number of people eligible for Old Age Security, and reduce tax credits available to seniors each year.</p> <p>This thesis uses time series national data to show how benefits and tax credits have declined over the last decade. From a political economy perspective, this process can be viewed as a gradual and stealthy transformation of the welfare state. Government maintained income security is gradually being dismantled and placed back into the hands of the market place. The tax system is being redefined in such a way that tax cuts that middle and lower income Canadians rely on are slowly losing value.</p> <p>While RRSP contribution levels have been increased and some Canadians invest to both prepare for retirement and to gain the tax exemption for the invested income, only those with higher incomes can gain the most from this option. The effects ofthis process are discussed and the implications are considered in terms of distributional equity.</p> / Master of Arts (MA)

Die vorliegende Dissertation untersucht, wie die intergenerationellen Beziehungen im heutigen China ausgestaltet sind und diskutiert ihre Auswirkungen auf die Altersvorsorge. Historisch gesehen war die Rolle des chinesischen Staates bei der Bereitstellung von Altersvorsorge sehr gering, und die Betreuung älterer Menschen wird immer noch hauptsächlich als Familienaufgabe angesehen. Die konfuzianische Norm der filial piety verpflichtet die Kinder im Erwachsenenalter, ihre Eltern finanziell und materiell zu unterstützen sowie sich um die Betreuung zu kümmern und entsprechend Hilfe zu leisten. In den letzten Jahrzehnten wurden jedoch traditionelle chinesische Familiennormen und – bräuche durch den sozioökonomischen, demographischen und kulturellen Wandel infragegestellt. Infolgedessen wird weitgehend ‒sowohl in der wissenschaftlichen Literatur als auch im öffentlichen Diskurs‒ angenommen, dass filial piety und die damit zusammenhängenden Formen der intergenerationellen Familienunterstützung zunehmend an Wert verlieren, was die Frage nach dem Wohlergehen älterer Generationen aufwirft. Im Folgenden betrachte ich drei Hauptaspekte der intergenerationelle Solidarität: strukturelle Solidarität (geografische Nähe), funktionale Solidarität (Pflege und finanzielle Unterstützung) und assoziative Solidarität (sozialer Kontakt) sowie deren Zusammenhänge. Ich argumentiere, dass die beobachteten Muster weder den traditionellen Anforderungen der filial piety entsprechen, noch auf eine Krise der intergenerationellen Familiensolidarität hinweisen. Stattdessen reflektieren sie die pragmatischen Bemühungen der Familien, ihre Beziehungen im Hinblick auf einen raschen Strukturwandel neu zu verhandeln und anzupassen. Allerdings ist die Anpassungsfähigkeit in der chinesischen Gesellschaft nicht gleich verteilt, besonders schwer ist es für sozialschwache Familien, die vergleichsweise schwächere Bindungen zu ihren erwachsenen Kindern haben. / This dissertation assesses the state of intergenerational relations in contemporary China, and discusses its implications for old age security. Historically, the role of the Chinese state in the provision of old age security has been minimal, and caring for older people is primarily seen as a family responsibility. The Confucian norm of filial piety obliges adult children to provide their parents with financial and material support as well physical care and assistance. In recent decades, however, traditional Chinese family norms and customs have been challenged by a number of socio-economic, demographic and cultural changes. As a result there is a widespread belief ‒both in academic literature and in the public discourse‒ that filial piety and related forms of intergenerational family support are on the decline, raising concerns about the well-being of older generations. In this study, I look at three main aspects of intergenerational relations or family solidarity: structural solidarity (proximity), functional solidarity (the provision of care and financial support) and associational solidarity (social contact), as well as their interrelations. Using a nationally representative dataset of Chinese families, I argue that the observed patterns neither correspond to the traditional demands of filial piety, nor indicate a crisis of intergenerational family solidarity. Instead, they reflect families' pragmatic efforts to renegotiate and adapt their relationships in the face of a rapid structural change. The capability to adapt is not equally distributed, however, and it is often the more vulnerable groups that have comparatively weaker ties to adult children.

My diploma thesis will deal with the topic of unusual proposal of pension reform, which is based on the connection of the old-age-benefit and the number of brought children. Through the analysis of demographic development I try to show the dependency of today's pay-as-you-go pension system to number of persons gainfully employed with respect to the number of pensioners. Authors of the Children PAYG concept are noting of connection between family and pension policy and argue that the reason of unfriendly demographic structure and decreasing birth rate is right pension system. According to them this pension system make free riders who are described like people without own children. This fact should be considered in order to the claim to old age pension. In analytic part of this work will be researched individual variants of Children PAYG system. This part will be aimed at its positives and negatives especially. In conclusion of this work I'll propose a possible variant of this pension system which could resolve troubles of financial tenability, is in respect to deserts and at the same time would be equitable for as much people as possible.

There have been a great deal of ways for old age security, who is expected and individual situation. Old age signify loss of income from economics activity. We can compare ways of securing for old age by their liquidity, rate of profit and diversification, but it is impossible to administratively determine composition of the optimal old age security portfolio, whereas administrative favoured one's way, entails limitation of the others. One of the oldest way of securing for old age is child care and enlinghtenment. The research pointed to existence disputation between theories of fertility development. These theories are attaching different importance to the particular biological, socioeconomic and cultural factors. Empirical research of fertility development and its factors in czech lands, represents pure administrative character of the pension insurance development. Spending on pension insurance and some other factors are influencing development of fertility. This influence is analyzed in years 1930- 2009. Analysis provides evidence of pension insurance influencing level of fertility significantly. Theories of fertility development often impeaching this influence. The work apply findings to the primary objectives for pension reform in Czech republic. This pension reform provides sustainable pension system position and possibility for individuals to set up their optimal old age security portfolio.

Das Transfer-Einkommens-Derivativ ist einer der wichtigsten ökonomischen Parameter zur Beantwortung der Frage, ob Sozialrenten den unter Armut leidenden Älteren in voller Höhe zu Gute kommen oder ob politisch unerwünschte Verdrängungseffekte auftreten. Eine Verdrängung privater intergenerationeller Transfers durch die Vergabe von Sozialrenten wird dabei als Schwächung familiärer Strukturen angesehen, da erwachsene Kinder ihre vorherigen privaten finanziellen Unterstützungsleistungen an ihre bedürftigen Eltern kürzen oder gar aussetzen. Die staatlichen Leistungen kämen damit nicht vollständig den Bedürftigen zugute, weshalb die Wirksamkeit von Sozialrenten zur Bekämpfung von Altersarmut in Frage gestellt wird. Der aktuelle internationale Forschungsstand bestätigt die Existenz solcher Verdrängungseffekte bei Sozialtransferprogrammen in Entwicklungs- und Schwellenländern. Die der Dissertation zugrundeliegende empirische Erhebung zu Intrahaushaltstransfers in Mehrgenerationenhaushalten in drei Regionen Nordindiens (Himachal Pradesh, Uttar Pradesh und Delhi) hat jedoch gezeigt, dass theoretische Annahmen der Modelle und landestypische Gegebenheiten Indiens, wie etwa korrupte Vergabemuster bei den Sozialrenten, die Aussagekraft des Transfer-Einkommens-Derivativs zur Beurteilung der Effizienz der Sozialrenten stark einschränken. Die Daten zeigen überdies, dass der Nettotransferstrom abwärts verläuft, von den älteren zu den jüngeren Haushaltsmitgliedern. Dies steht im Gegensatz zu der gängigen Annahme, dass in Entwicklungs- und Schwellenländern die Älteren überwiegend Empfänger privater Transfers sind. / The transfer income derivative is one of the most important economic parameters in understanding whether social pensions serve the elderly poor, as the intended beneficiaries, or whether social pensions crowd out private transfers from family members. The crowding out effect of private transfers by public transfers is seen as weakening traditional family ties because adult children reduce or even cease private transfers to the needy elderly. In that case, public transfers may have no net effect on the income of the elderly calling into question the efficacy of public pension schemes in fighting old age poverty. The current state of international research provides evidence for these crowding out effects in developing or industrializing countries. Drawing on empirical research of intra-household transfers in households with elderly co-residence in three selected north Indian regions (Himachal Pradesh, Uttar Pradesh, and Delhi), this dissertation shows that theoretical assumptions of the models as well as country specific circumstances of India, such as corruption in the allocation of social pensions, limit the explanatory power of the transfer income derivative in judging the efficacy of such pensions. Additionally the data shows that private net transfers flow downward, from the elderly to the younger members of the household. This is in stark contrast to the common assumption that in developing and industrializing countries the elderly are mainly recipients of private transfers.