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Pension policy in EU25 and its impact on pension benefits

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  • 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
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    File URL: https://mpra.ub.uni-muenchen.de/33669/1/MPRA_paper_33669.pdf
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    References listed on IDEAS

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    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.
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    Citations

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    Cited by:

    1. Grech, Aaron George, 2010. "Assessing the sustainability of pension reforms in Europe," MPRA Paper 27407, University Library of Munich, Germany.
    2. 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.
    3. Grech, Aaron George, 2013. "How best to measure pension adequacy," MPRA Paper 46126, University Library of Munich, Germany.
    4. 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.
    5. Aaron George Grech, 2018. "What Makes Pension Reforms Sustainable?," Sustainability, MDPI, vol. 10(8), pages 1-12, August.
    6. repec:cep:sticas:/161 is not listed on IDEAS
    7. repec:cep:sticas:/172 is not listed on IDEAS
    8. Grech, Aaron George, 2014. "Evaluating the possible impact of pension reforms on elderly poverty in Europe," MPRA Paper 57639, University Library of Munich, Germany.
    9. Grech, Aaron George, 2013. "Pension reform sustainability in the EU: a pension wealth-based framework," MPRA Paper 48800, University Library of Munich, Germany.
    10. 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.
    11. 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, July.
    12. 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.

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    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

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