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Public Pension Reform in Europe: Policies, Prospects and Evaluation

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  • Richard Disney
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    Abstract

    This paper describes the demographic and economic factors underlying the reform of public pension programmes in Europe. It examines the policy response, both at the Europe-wide level and within individual European countries. Several programme reform strategies that have been implemented are evaluated. These strategies are the greater pre-funding of public pensions and expanded second-tier private pension components, 'parametric' reforms to existing programmes, and the development of formula-driven 'actuarially fair' public programmes. Efforts to provide greater incentives for individuals to postpone retirement are also discussed. Copyright Blackwell Publishing Ltd 2003.

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal The World Economy.

    Volume (Year): 26 (2003)
    Issue (Month): 10 (November)
    Pages: 1425-1445

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    Handle: RePEc:bla:worlde:v:26:y:2003:i:10:p:1425-1445

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    Cited by:
    1. Andreas Bergh, 2008. "Explaining the Survival of the Swedish Welfare State: Maintaining Political Support Through Incremental Change," Financial Theory and Practice, Institute of Public Finance, vol. 32(3), pages 233-254.
    2. Bernardo Lanza Queiroz & Moema Gonçalves Bueno Figoli, 2011. "Population aging and the rising costs of public pension in Brazil," Textos para Discussão Cedeplar-UFMG td438, Cedeplar, Universidade Federal de Minas Gerais.

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