Seniors’ position on the labor market from the point of view of income and related insurance and health contributions

Abstract

Demographic aging is an objective reality and in the case of the Czech Republic is extensive and multi-dimensional. And it is the problems of the economic activity of citizens until the advanced age. Former pension systems in most countries were based on wider social solidarity of a society. A rising number of retired people along with a present decrease in a number of economically active people cause this system to be insufficient a considerably burden government budgets. As a matter of this fact, a more general concept of the discussed problem is a seniors’ position on the labor market from the point of view of income and related insurance and health contributions. At the present time, the burden on work is less influenced by the personal income tax (that is the income tax by individuals), which is, on the other hand, exposed to much more changes in the period of its new existence than the employees’ social and health insurance. Taxation of the income from gainful activities, including levy obligations for social and health insurance show, however, certain specifics in the group of old age pensioners.