IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/33669.html
   My bibliography  Save this paper

Pension policy in EU25 and its impact on pension benefits

Author

Listed:
  • Grech, Aaron George

Abstract

This article provides a brief summary of the most recent changes in public pension policies in the countries of the European Union and describes how they affect pension benefits for future pensioners. The pension systems in Europe have been changing fast. The common trends are that the generosity of public pension benefits is on the decline, the changes are likely to shift more risks towards individuals and there are fewer possibilities of redistribution. Our analyses point towards the importance of a more comprehensive assessment of these reforms so as to reduce the risk of pensioner poverty in the future.

Suggested Citation

  • Grech, Aaron George, 2007. "Pension policy in EU25 and its impact on pension benefits," MPRA Paper 33669, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:33669
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/33669/1/MPRA_paper_33669.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zaidi, Asghar & Grech, Aaron George & Fuchs, Michael, 2006. "Pension policy in EU25 and its possible impact on elderly poverty," LSE Research Online Documents on Economics 6225, London School of Economics and Political Science, LSE Library.
    2. Giuseppe Carone, 2005. "Long-Term Labour Force Projections for the 25 EU Member States:A set of data for assessing the economic impact of ageing," Labor and Demography 0512006, University Library of Munich, Germany.
    3. Chlon, Agnieszka, 2000. "Pension reform and public information in Poland," Social Protection Discussion Papers and Notes 23142, The World Bank.
    4. Gábor Orbán & Dániel Palotai, 2005. "The sustainability of the Hungarian pension system: a reassessment," MNB Occasional Papers 2005/40, Magyar Nemzeti Bank (Central Bank of Hungary).
    5. Whitehouse, Edward, 2000. "Paying for pensions: An international comparison of administrative charges in funded retirement-income systems," MPRA Paper 14171, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Grech, Aaron George, 2010. "Assessing the sustainability of pension reforms in Europe," MPRA Paper 27407, University Library of Munich, Germany.
    2. Aaron George Grech, 2013. "How best to measure pension adequacy," CASE Papers case172, Centre for Analysis of Social Exclusion, LSE.
    3. Grech, Aaron George, 2012. "Evaluating the possible impact of pension reforms on future living standards in Europe," LSE Research Online Documents on Economics 51296, London School of Economics and Political Science, LSE Library.
    4. Grech, Aaron George, 2014. "Evaluating the possible impact of pension reforms on elderly poverty in Europe," MPRA Paper 57639, University Library of Munich, Germany.
    5. Grech, Aaron George, 2013. "Pension reform sustainability in the EU: a pension wealth-based framework," MPRA Paper 48800, University Library of Munich, Germany.
    6. Figari, Francesco & Matsaganis, Manos & Sutherland, Holly, 2011. "The financial well-being of older people in Europe and the redistributive effects of minimum pension schemes," EUROMOD Working Papers EM7/11, EUROMOD at the Institute for Social and Economic Research.
    7. Zaidi, Asghar & Grech, Aaron George & Fuchs, Michael, 2006. "Pension policy in EU25 and its possible impact on elderly poverty," LSE Research Online Documents on Economics 6225, London School of Economics and Political Science, LSE Library.
    8. Aaron George Grech, 2018. "What Makes Pension Reforms Sustainable?," Sustainability, MDPI, vol. 10(8), pages 1-12, August.
    9. repec:cep:sticas:/161 is not listed on IDEAS
    10. Eiffe, Franz F. & Till, Matthias & Datler, Georg & Heuberger, Richard & Glaser, Thomas & Kafka, Elisabeth & Lamei, Nadja & Skina, Magdalena & Till-Tentschert, Ursula, 2012. "Soziale Lage älterer Menschen in Österreich," Sozialpolitische Studienreihe, Government of Austria, Federal Ministry of Social Affairs, Health, Care and Consumer Protection, Vienna, volume 11, number 11.
    11. Grech, Aaron George, 2015. "Pension reforms in the 1990s and during the financial crisis: More of the same?," MPRA Paper 66894, University Library of Munich, Germany.
    12. repec:cep:sticas:/172 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael Fuchs & Aaron George Grech & Asghar Zaidi, 2006. "Pension Policy in EU25 and its Possible Impact on Elderly Poverty," CASE Papers case116, Centre for Analysis of Social Exclusion, LSE.
    2. repec:cep:sticas:/161 is not listed on IDEAS
    3. Aaron George, Grech, 2014. "Pension policy design: The core issues," MPRA Paper 53662, University Library of Munich, Germany.
    4. Grech, Aaron George, 2012. "Evaluating the possible impact of pension reforms on future living standards in Europe," MPRA Paper 39851, University Library of Munich, Germany.
    5. EL-HOUJJAJI, Hind & ECHAOUI, Abdellah, 2020. "Assessing the financial sustainability of parametric pension system reforms: The case of Morocco," MPRA Paper 98912, University Library of Munich, Germany.
    6. Serguei Kaniovski & Thomas Url & Helmut Hofer & Sandra Müllbacher, 2013. "A Long-run Macroeconomic Model of the Austrian Economy (A-LMM). New Results," WIFO Studies, WIFO, number 46830.
    7. Poteraj, Jarosław, 2007. "Systemy emerytalne w Europie - Cypr [Pension systems in Europe - Cyprus]," MPRA Paper 33159, University Library of Munich, Germany.
    8. Yen-hsin Alice Cheng & Elke Loichinger, 2017. "The Future Labor Force of an Aging Taiwan: The Importance of Education and Female Labor Supply," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 36(3), pages 441-466, June.
    9. Grech, Aaron George, 2010. "Assessing the sustainability of pension reforms in Europe," LSE Research Online Documents on Economics 43865, London School of Economics and Political Science, LSE Library.
    10. Thomas Horvath & Helmut Mahringer, 2014. "Einfluss von Bildungsexpansion und Pensionsreformen auf die Erwerbsbeteiligung. Prognose der Erwerbsquote und des Arbeitskräfteangebotes bis 2030," WIFO Monatsberichte (monthly reports), WIFO, vol. 87(6), pages 411-426, June.
    11. Fenge, Robert & Peglow, François, 2018. "Decomposition of demographic effects on the german pension system," The Journal of the Economics of Ageing, Elsevier, vol. 12(C), pages 61-76.
    12. Poteraj, Jarosław, 2008. "Pension systems in 27 EU countries," MPRA Paper 31053, University Library of Munich, Germany.
    13. Grech, Aaron George, 2015. "Pension reforms in the 1990s and during the financial crisis: More of the same?," MPRA Paper 66894, University Library of Munich, Germany.
    14. Christine Mayrhuber & Gerhard Rünstler & Thomas Url & Werner Eichhorst & Michael J. Kendzia & Maarten Gerard & Connie Nielsen, 2011. "Pension Systems in the EU. Contingent Liabilities and Assets in the Public and Private Sector," WIFO Studies, WIFO, number 43938.
    15. Jensen, Henning Tarp, 2009. "General equilibrium impact evaluation of road sector investment programs in Ghana," Conference papers 331858, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    16. Luciano Greco, 2005. "The Optimal Design of Funded Pension Plans: Unbundling Financing and Investment," "Marco Fanno" Working Papers 0003, Dipartimento di Scienze Economiche "Marco Fanno".
    17. Cem Baslevent & Hasan Kirmanoglu, 2015. "Quality of government, egalitarianism, and welfare state attitudes," Economics Bulletin, AccessEcon, vol. 35(4), pages 2877-2887.
    18. Elke Loichinger & Alexia Prskawetz, 2017. "Changes in economic activity: The role of age and education," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 36(40), pages 1185-1208.
    19. Giuseppe Carone & Cécile Denis & Kieran Mc Morrow & Gilles Mourre & Werner Röger, 2006. "Long-term labour productivity and GDP projections for the EU25 Member States : a production function framework," European Economy - Economic Papers 2008 - 2015 253, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    20. Abigail Marie Rapa, "undated". "A cohort approach to project the labour participation rate in Malta," CBM Policy Papers PP/04/2019, Central Bank of Malta.
    21. Dekkers, Gijs, 2008. "Are the old poor? A discussion and some cursory evidence," MPRA Paper 29436, University Library of Munich, Germany.

    More about this item

    Keywords

    pension reform; elderly poverty;

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:33669. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.