Supporting voluntary prolonged labour market participation through fiscally sustainable schemes
The article deals with the issue of fiscal support of participation of the senior population in the labour market. The main reasons for addressing this issue are not only the ageing population and the shortage of people on the labour market in Czechia but also the need to improve the fiscal...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics, Belgrade
2024-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | https://doiserbia.nb.rs/img/doi/0013-3264/2024/0013-32642440057M.pdf |
| Summary: | The article deals with the issue of fiscal support of participation of the
senior population in the labour market. The main reasons for addressing this
issue are not only the ageing population and the shortage of people on the
labour market in Czechia but also the need to improve the fiscal revenues
and fiscal sustainability in general. The article aims to define rules for
setting employees’ tax burden that would motivate older workers to remain on
the labour market after reaching the statutory retirement age and to
demonstrate the impact of these measures on the fiscal yield. The article
contains model calculations relating to specific proposals for addressing
this situation. We show why and how those fiscal measures work, first at a
theoretical level of individual variables, and then we assess the impact on
public finance if these measures are introduced. |
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| ISSN: | 0013-3264 1820-7375 |