The Future of Pensions in Europe
Impacte
Scholar |
Altres documents de l'autoria: Dolado, Juan José; Jimeno, Juan F.; Boldrin, Michele; Peracchi, Franco
Metadades
Mostra el registre complet de l'elementcomunitat-uji-handle:10234/25884
comunitat-uji-handle2:10234/25938
comunitat-uji-handle3:
comunitat-uji-handle4:
SEDAConsulteu el text complet
http://hdl.handle.net/10016/3271 |
Metadades
Títol
The Future of Pensions in EuropeData de publicació
1999Resum
Unfunded state pension schemes are projected to become financially unsustainable. This is usually attributed to demographic trends. Yet trends in unemployment and in female labour force participation are quantitatively ... [+]
Unfunded state pension schemes are projected to become financially unsustainable. This is usually attributed to demographic trends. Yet trends in unemployment and in female labour force participation are quantitatively as important. Improvements in either or both might be sufficient to rescue existing state schemes, especially if combined with an end to the practice of allowing, even after retirement, the value of a pension to rise with national earnings rather than prices. Attempts at piecemeal reform are important because nothing in economic theory suggests a switch to the alternative, fully funded pensions is desirable. Not only would such a transition be costly, and therefore politically difficult; it also neglects the fact that it makes sense to diversify the retirement portfolio, holding claims both on labour productivity and on capital assets. One can even view pensions as part of a more sophisticated system of intergenerational transfers through which workers finance their earlier education and subsequent retirement. [-]
Paraules clau / Matèries
Cita bibliogràfica
Economic Policy, 1999, 14, 29, p. 289-320Tipus de document
info:eu-repo/semantics/articleVersió de l'editorial
http://www3.interscience.wiley.com/cgi-bin/fulltext/119072935/PDFSTARTEditor
BlackwellDrets d'accés
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess