Relationship of wealth, pension payments and health of pensioners: The case of Georgia universities

Autor: Nino Paresashvili, Natalia Kharadze, Badri Ramishvili, Maia Giorgobiani, Dea Pirtskhalaishvili
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Journal of Eastern European and Central Asian Research, Vol 10, Iss 2 (2023)
Druh dokumentu: article
ISSN: 2328-8272
2328-8280
DOI: 10.15549/jeecar.v10i2.1263
Popis: Supporting those individuals who have reached retirement age is essential for any country, although academic staff deserves special attention. Professors face significant challenges as they reach retirement age. The article aimed to empirically substantiate the relationship between well-being, pension payments, and pensioners' health using the example of universities in Georgia. Based on the survey results, which 630 university professors attended before retirement and retirement age, the factors influencing the respondents' fear of losing their jobs in retirement we identified. By applying regression models, we evaluated the effectiveness of alternatives for improving the well-being of pensioners by increasing wages and state pensions. The efficacy of these alternatives differs depending on the health status of pensioners. It has been established that the differentiation of pension amounts depending on the length of service can increase the confidence in the well-being of pensioners without increasing the pension provision.
Databáze: Directory of Open Access Journals