Reforming Pensions in Europe: A Comparative Country Analysis | E-Axes
 

Search
Login
Username:
Password:
Not a member yet? Click here.
Forgot your Password?
Archives - Categories
Home
On Inequality
On the Eurozone Debt Crisis
On Monetary Policy and Central Banking
On Global Economic Growth
On the Greek Debt Crisis
On the Banking and Financial Sectors
On Brexit
On China
On India
On Global Inflation
On Currencies
On the US Debt
On the "Economics" of the Arab Spring
Blogs
Working Papers
Books
Books suggested by members



Reforming Pensions in Europe: A Comparative Country Analysis

Abstract

This working paper assesses the impact of the economic crisis on European pension systems and provides a comparative overview of the measures imposed on European pension systems, together with their effects.

Focussing on eight countries (representative of different pension models) the study shows that these countries applied a similar two-step strategy in response to the crisis. After introducing anti-cyclical measures in the first years (2009-10), they all moved later (2010-12 and on) to austerity measures trying to improve the financial viability of pensions (e.g. revised indexation, an increase in the retirement age or a stricter link between contributions and benefits).

That said, these countries implemented different sets of measures to tackle their pension challenges. These differences were very much related to the institutional pension system inherited from the past and the magnitude and nature of the financial crisis hitting these countries.

Finally, the working paper also looks at the role of social partners in pension reforms in these countries and concludes that there is a broad trend towards a deterioration of the dialogue between governments and social partners.

To download the PDF version of the working paper click here.


© 2011–2017 e-axes. All rights reserved. | Credits | Contact Us | Privacy Statement | Mon 22 Jan, 2018 17:58:10 PM
e-axes is proudly powered by Norder - Creative Solutions