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European Pension System: Bismarck or Beveridge?

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  • J. Ignacio Conde-Ruiz
  • Clara I. González

Abstract

The aging process faced by the countries of the European Union is leading them to introduce reforms in their public pension systems. One way to interpret these reforms is to think about them as changes in the intergenerational pact to make the system sustainable over time. In addition to intergenerational redistribution, pay-as-you-go pension systems allow intragenerational redistribution. Taking into account this dimension, we can distinguish between contributory (or Bismarckian) pay-as-you-go systems and pure redistributive pension systems (or Beveridge). This article analyzes the origin of these systems and the differences between European pension systems according to this characteristic. In the final part, we reflect on the future model of pensions in the European Union.

Suggested Citation

  • J. Ignacio Conde-Ruiz & Clara I. González, 2018. "European Pension System: Bismarck or Beveridge?," Working Papers 2018-01, FEDEA.
    • Handle: RePEc:fda:fdaddt:2018-01
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    Cited by:

    1. Cristina Belles-Obrero & Sergi Jiménez-Martín & Judit Vall Castello, 2019. "Education and Gender Differences in Mortality Rates," Working Papers 2019-05, FEDEA.
    2. Ginés de Rus & Javier Campos & Armando Ortuno & M. Pilar Socorro & Jorge Valido, 2020. "Evaluación Económica de Proyectos y Políticas de Transporte: Metodología y Aplicaciones Parte 2: Análisis coste-beneficio de proyectos ferroviarios: líneas de alta velocidad y suburbanas," Working Papers 2020-12, FEDEA.
    3. Díaz-Saavedra, Julián, 2023. "Heterogeneity in longevity, redistribution, and pension reform," Journal of Pension Economics and Finance, Cambridge University Press, vol. 22(4), pages 604-639, October.
    4. Ginés de Rus & Javier Campos & Daniel Graham & M. Pilar Socorro & Jorge Valido, 2020. "Evaluación Económica de Proyectos y Políticas de Transporte: Metodología y Aplicaciones. Parte 1: Metodología para el análisis coste-beneficio de proyectos y políticas de transporte," Working Papers 2020-11, FEDEA.
    5. Cristina Belles-Obrero & Sergi Jiménez-Martín & Judit Vall Castello, 2019. "Education and Gender Differences in Mortality Rates," Studies on the Spanish Economy 2019-05, FEDEA.

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