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Assessing the sustainability of pension reforms in Europe: a pension wealth approach

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  • Grech, Aaron George

Abstract

In this lecture, I will try to start answering the question of whether the pension reforms enacted in Europe since the 1990s will prove to be sustainable. This broad question has embedded in it both theoretical and empirical sub-questions. On the theoretical side, I will need to see how best to measure pension adequacy, while also assessing the feasibility of evaluating jointly pension adequacy and financial sustainability. Once this is tackled, I will be assessing the possible impact of reforms on the capacity of pension systems to achieve their goals and the impact on the constraints they face. This should help understand better any sources of possible pressures that could undermine the sustainability of pension reforms.

Suggested Citation

  • Grech, Aaron George, 2014. "Assessing the sustainability of pension reforms in Europe: a pension wealth approach," MPRA Paper 57638, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:57638
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    File URL: https://mpra.ub.uni-muenchen.de/57638/1/MPRA_paper_57638.pdf
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    References listed on IDEAS

    as
    1. Grech, Aaron George, 2010. "Assessing the sustainability of pension reforms in Europe," MPRA Paper 27407, University Library of Munich, Germany.
    2. repec:cep:sticas:/161 is not listed on IDEAS
    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.
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    More about this item

    Keywords

    Social Security and Public Pensions; Retirement; Poverty; Retirement Policies;
    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

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