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DC Field | Value | Language |
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dc.contributor.author | Grech, Aaron George | - |
dc.date.accessioned | 2018-09-06T09:17:52Z | - |
dc.date.available | 2018-09-06T09:17:52Z | - |
dc.date.issued | 2013 | - |
dc.identifier.citation | Grech, A. G. (2013). Pension reform sustainability in the EU: a pension wealth-based framework. Discussion Paper 15/2013, Institut fur Gerontologie, University of Vechta. | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/33483 | - |
dc.description.abstract | Most assessments of pension sustainability focus on the projected fall in spending. However interest in the impact on adequacy, usually measured by replacement rates, is increasing. In this paper we show that replacement rates have significant defects, related to being point-in-time indicators and the use of unrepresentative assumptions. We argue for the use of pension wealth calculated using more realistic assumptions. Looking at ten EU countries, we find that while generosity decreased significantly, systems’ effectiveness in alleviating poverty remain strong in countries where minimum pensions were improved. However, moves to link benefits to contributions have raised concerns for women and for those on low incomes. Though reforms have reduced the fiscal challenge of ageing, in many countries pressures will persist and further reforms are likely. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | University of Vechta | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Retirement income -- European Union countries | en_GB |
dc.subject | Old age pensions | en_GB |
dc.subject | Social security | en_GB |
dc.subject | OECD countries -- Pensions -- Statistics | en_GB |
dc.subject | Labor market -- Economic aspects | en_GB |
dc.title | Pension reform sustainability in the EU : a pension wealth-based framework | en_GB |
dc.type | other | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
Appears in Collections: | 2013 |
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Pension_reform_sustainability_in_the_EU_a_pension_wealth-based_framework_2013.pdf | 491.7 kB | Adobe PDF | View/Open |
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