Determinants for the development of supplementary pension schemes
Determinants for the development of supplementary pension schemes

Author(s): Patrycja Kowalczyk-Rólczyńska, Tomasz Rólczyński
Subject(s): Labor relations, Socio-Economic Research
Published by: Masarykova univerzita nakladatelství
Keywords: pension schemes; pension insurance; correlation analysis; factor analysis;
Summary/Abstract: The accumulation of voluntary pension savings by households is a vital element of not only the household’s finances, but also of the social security system. Being informed of the factors which are conducive to the accumulation of capital for oldage security is not only crucial for entities offering various pension insurance contracts, but also for the state, which often supports the development of these contracts. The aim of the article is to identify and evaluate the impact of the factors determining the development of the additional forms of pension provision. In the study, correlation analysis and factor analysis were employed to assess the influence of the selected factors (economic and demographic) on the development of some of the pension insurance contracts. The study’s findings show clearly that the increasing life expectancy and the level of the household’s income are important determinants in terms of the development of voluntary pension insurance contracts.

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