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

Grech, Aaron George (2014): Assessing the sustainability of pension reforms in Europe: a pension wealth approach.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Social Security and Public Pensions; Retirement; Poverty; Retirement Policies
• Subjects: H - Public Economics > H5 - National Government Expenditures and Related Policies > H55 - Social Security and Public Pensions; I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I38 - Government Policy ; Provision and Effects of Welfare Programs; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J26 - Retirement ; Retirement Policies

References

Grech, Aaron George (2010) Assessing the sustainability of pension reforms in Europe, CASEpaper 140. London: Centre for Analysis of Social Exclusion.

Grech, Aaron George (2012) Evaluating the possible impact of pension reforms on future living standards in Europe, CASEpaper 161. London: Centre for Analysis of Social Exclusion.