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DC Field | Value | Language |
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dc.contributor.author | Grech, Aaron George | - |
dc.date.accessioned | 2018-09-14T09:03:50Z | - |
dc.date.available | 2018-09-14T09:03:50Z | - |
dc.date.issued | 2018 | - |
dc.identifier.citation | Grech, A.G. (2018). What makes pension reforms sustainable?. Sustainability, 10(8), 1-12. | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/33780 | - |
dc.description.abstract | Policymakers pushing pension reforms have tended to justify changes on the basis that they would make systems more sustainable by lowering future spending on pensions. This is a rather narrow interpretation of sustainability that fails to consider that other fiscal programs may need to accommodate the impact of reforms that reduce pension system adequacy. In this light, this article argues that in order to correctly assess the sustainability of pension reforms, one needs to adopt a more holistic framework that encapsulates the interaction between pension system goals and constraints. In a number of countries, reforms focused solely on reducing future spending were followed by reforms that restored generosity. A holistic approach to assess pension sustainability could help limit this cycle of reform and increase trust in pension systems. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | MDPI | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Pensions -- Government policy | en_GB |
dc.subject | Sustainable development | en_GB |
dc.subject | Social security | en_GB |
dc.subject | Retirement age -- Economic aspects | en_GB |
dc.title | What makes pension reforms sustainable? | en_GB |
dc.type | article | 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 |
dc.identifier.doi | 10.3390/su10082891 | - |
dc.publication.title | Sustainability | en_GB |
Appears in Collections: | 2018 |
Files in This Item:
File | Description | Size | Format | |
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What_makes_pension_reforms_sustainable_2018.pdf | 453.6 kB | Adobe PDF | View/Open |
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