INTERGENERATIONAL TRANSFERS IN AGEING SOCIETY FROM GENDER- AND AGE-SPECIFIC ECONOMIC PERSPECTIVE

Low fertility and improvements to the health status of the population are the key determinants of population ageing in many countries across Europe. It is especially true for Czechia. Ageing poses relevant questions in terms of the sustainability of national welfare systems, but also in terms of intergenerational relationships and equity. All these issues are at the heart of the challenges contemporary welfare states are faced with. We employ the European National Transfer Accounts data to improve our understanding of the consequences of population ageing by introducing demographic information into the System of National Accounts. The detailed age- and gender-specific economic data on income and consumption allows us to study the relationship between age, economic activity and the organization of intergenerational transfers in Czechia. The gender dimension is particularly relevant for the Czech Republic, which shows high female employment rate in general, but records the most significant impact of childbirth on the employment of mothers of all the EU countries and where the gender pay gap remains one of the widest in the EU.