IDEAS home Printed from https://ideas.repec.org/p/fes/wpaper/wpaper13.html
   My bibliography  Save this paper

Review of the pension provision across the European Union countries

Author

Listed:
  • Serap Saritas

    (School of Oritental and African Studies, University of London)

Abstract

This paper targets providing a detailed review of different modes of pension provision in both public and private sectors in EU countries and the recent transformations through which pension systems have been. Moreover, it is also aimed to address issues related to household’s income levels and poverty alleviation, particularly in the aftermath of the crisis. After outlining the general characteristics of the pension systems, their transformation is explained with reference to financialisation. In this regard, it is argued that pension provision in the EU countries have been heavily financialised in the last two decades which raised critical issues for the future retirees as well as the current ones. More privatised and individualised pension systems as a result of the increase in the financial component of pension schemes and entitlements are riskier. Furthermore, as pension benefits are a main income source for most old people, the replacement of solidarity within the pension provision by individual and financial interests raises crucial issues for the EU member states.

Suggested Citation

  • Serap Saritas, 2014. "Review of the pension provision across the European Union countries," Working papers wpaper13, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    • Handle: RePEc:fes:wpaper:wpaper13
    as

    Download full text from publisher

    File URL: http://fessud.eu/wp-content/uploads/2013/04/REVIEW-OF-THE-PENSION-PROVISION-ACROSS-THE-EUROPEAN-UNION-COUNTRIES_13.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Pensions; European Union; Financialisation; Crisis;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • G01 - Financial Economics - - General - - - Financial Crises

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:fes:wpaper:wpaper13. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Helen Evans (email available below). General contact details of provider: .

    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.