Article author:
Miloš Grujić, Maja Vretenar Cobović
Full article:
Year the article was released:
2024
Edition in this Year:
1
Article abstract:
ANALYSIS OF THE ATTITUDES OF BOSNIA AND HERZEGOVINA RESIDENTS TOWARDS THE PENSION SYSTEM
AND PRIVATE PENSION INSURANCE
Abstract:This study aims to analyze the opinions of Bosnia and Herzegovina (BiH) citizens
regarding mandatory pension insurance and the possibility of incorporating private
insurance in future reforms. The research involves evaluating the satisfaction of BiH
residents with the current pension system, understanding their perception of the pension
fund’s risks, and identifying their attitudes towards possible pension system reforms, including
the potential involvement of private insurance. The study also seeks to highlight
any differences in attitudes towards socio-demographic characteristics, such as gender,
employment, length of service, professional qualification, and monthly income. A survey
of 812 BiH adults (representative but potentially not fully capturing the entire population)
explored these aspects. While acknowledging limitations, the study reveals significant
differences in attitudes based on demographics. For example, men are more optimistic
about future pensions, while employed individuals are more inclined towards reform.
The findings suggest general public support for pension system reform and openness to
private insurance. However, the study highlights the need to consider these varying attitudes
across different population groups when designing future reforms. This research
provides the first quantitative data on BiH residents’ views on private insurance reform,
contributing to public discourse and informing future policy changes.
regarding mandatory pension insurance and the possibility of incorporating private
insurance in future reforms. The research involves evaluating the satisfaction of BiH
residents with the current pension system, understanding their perception of the pension
fund’s risks, and identifying their attitudes towards possible pension system reforms, including
the potential involvement of private insurance. The study also seeks to highlight
any differences in attitudes towards socio-demographic characteristics, such as gender,
employment, length of service, professional qualification, and monthly income. A survey
of 812 BiH adults (representative but potentially not fully capturing the entire population)
explored these aspects. While acknowledging limitations, the study reveals significant
differences in attitudes based on demographics. For example, men are more optimistic
about future pensions, while employed individuals are more inclined towards reform.
The findings suggest general public support for pension system reform and openness to
private insurance. However, the study highlights the need to consider these varying attitudes
across different population groups when designing future reforms. This research
provides the first quantitative data on BiH residents’ views on private insurance reform,
contributing to public discourse and informing future policy changes.
Keywords: pension system, private insurance, BiH, reform, public opinion