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Title: How best to measure pension adequacy
Authors: Grech, Aaron George
Keywords: Retirement income -- European Union countries
Old age pensions
Social security
OECD countries -- Pensions -- Statistics
Issue Date: 2013-04
Publisher: London School of Economics
Citation: Grech, A. (2013). How best to measure pension adequacy. Centre for analysis of social exclusion. London: London School of Economics.
Abstract: Though the main benchmark used to assess pension reforms continues to be the expected resulting fall in future government spending, the impact of policy changes on pension adequacy is increasingly coming to the fore. As yet, there does not seem to be a broad consensus in policymaking circles and academic literature on what constitutes the best measure of pension adequacy. While various indicators have been developed and utilised, no single measure appears to offer a clear indication of the extent to which reforms will impact on the achievement of pension system goals. Many indicators appear ill-suited to study the effective impact of reforms, particularly those that change the nature of the pension system from defined benefit to defined contribution.
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