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Measuring Public Pension Liabilities in the European Union

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Due to the demographic development, public pension systems in the European Union organized on a pay-as-you-go (PAYG) principle will be forced to either raise contribution rates or taxes, shorten future replacement rates, or enforce a combination of both. In this regard, two important issues have to...

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Bibliographic Details
Main Author: Weddige, Olaf (auth)
Format: Electronic Book Chapter
Language:English
Published: Bern Peter Lang International Academic Publishers 2018
Series:Sozialoekonomische Schriften 42
Subjects:
Political economy
Welfare economics
Economic systems & structures
Finance & accounting
cross country comparison
demographic development
European
generational accounting
Liabilities
Measuring
Pension
Public
Public pension systems
Union
Weddige
Online Access:OAPEN Library: download the publication
OAPEN Library: description of the publication
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Summary:Due to the demographic development, public pension systems in the European Union organized on a pay-as-you-go (PAYG) principle will be forced to either raise contribution rates or taxes, shorten future replacement rates, or enforce a combination of both. In this regard, two important issues have to be addressed: The first issue refers to the question of measuring the public pension liabilities of private households until today. The extent of these liabilities has an impact on the saving behaviour. The second issue refers to the consequences of the demographic development for future retirees and contributors and examines the sustainability of pension schemes by confronting the present value of future pension payments with the present value of future contributions.
Physical Description:1 electronic resource (324 p.)
ISBN:b13542
9783631749760
Access:Open Access

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