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Pension Reform in Europe : Process and Progress

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Author Info

  • Robert Holzmann
  • Mitchell Orenstein
  • Michal Rutkowski

Abstract

Pension reform is an important topic, high on the agendas of most European countries, where countries are profoundly affected by an aging population, the result of lower fertility, and increased life expectancy, changes in family structure, and the effects of globalization. The book presents seven papers on the political economy of European pension reform, where clearly, major reforms are needed, to ensure the sustainability of retirement income systems. However, reform programs will need to combine measures to delay retirement; introduce changes in the benefit structure; and, diversify the sources of retirement income, to better balance individuals' risks. Subjects address the need to accelerate the European pension reform agenda, and compares the making of pension privatization in Latin America with that in Eastern Europe. Furthermore, subjects look at democracy and structural pension reform in continental Europe, focusing on the aging population, the electoral behavior, and early retirement impacts, on the basis of commitment, and consensus - or the lack thereof - to pension reform. Most interestingly, one of the subjects questions, and further analyzes, the wide differences of social policy models among transition economies, to finalize with a look at the diffusion of pension innovation. These subjects provide insight into the process, and progress of European pension reform, to the benefit of the reform agenda in other regions as well.

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Bibliographic Info

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This book is provided by The World Bank in its series World Bank Publications with number 15132 and published in 2003.

ISBN: 0-8213-5358-6
Handle: RePEc:wbk:wbpubs:15132

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Postal: 1818 H Street, N.W., Washington, DC 20433
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Web page: https://openknowledge.worldbank.org
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Related research

Keywords: Pensions and Retirement Systems Environmental Economics and Policies Social Development - Children and Youth Macroeconomics and Economic Growth - Economic Stabilization Enterprise Development and Reform Social Protections and Labor;

References

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  1. Haas, Peter M., 1992. "Introduction: epistemic communities and international policy coordination," International Organization, Cambridge University Press, Cambridge University Press, vol. 46(01), pages 1-35, December.
  2. Orenstein, Mitchell A., 2000. "How politics and institutions affect pension reform in three post-communist countries," Policy Research Working Paper Series, The World Bank 2310, The World Bank.
  3. Chlon, Agnieszka & Gora, Marek & Rutkowski, Michal, 1999. "Shaping pension reform in Poland : security through diversity," Social Protection Discussion Papers, The World Bank 20852, The World Bank.
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Cited by:
  1. Marek Góra, 2003. "Reintroducing Intergenerational Equilibrium: Key Concepts behind the New Polish Pension System," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan 2003-574, William Davidson Institute at the University of Michigan.
  2. Marie-Renée Bakker & Alexandra Gross, 2004. "Development of Non-bank Financial Institutions and Capital Markets in European Union Accession Countries," World Bank Publications, The World Bank, The World Bank, number 15030, February.
  3. repec:spo:wpecon:info:hdl:2441/f4rshpf3v1umfa09lat214kj4 is not listed on IDEAS
  4. Carlos Vidal-Meliá & Inmaculada Domínguez-Fabian, 2005. "The Spanish Pension System: Issues Of Introducing Notional Defined Contribution Accounts," Public Economics, EconWPA 0504006, EconWPA.
  5. Anne-Gisèle Privat, 2005. "L'avenir des retraites en France: Evalutation de l'impact des réformes de 1993 et de 2033 à l'aide du modèle de microsimulation Artémis," Sciences Po publications, Sciences Po info:hdl:2441/f4rshpf3v1u, Sciences Po.

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