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A Case for Partial Funding of Pensions with an Application to the EU Candidate Countries

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Author Info
Oksanen, H.
Abstract

The paper examines the effects of ageing and makes a case for partial pre-funding of pensions. The argument is based on inter-generational fairness in a situation where pension expenditure as compared to wages increases due to low fertility and increasing longevity. we illustrate the approach by using data representing a typical EU Candidate Country of Central and Eastern Europe with a relatively high pension replacement rate.

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Publisher Info
Paper provided by Commission of the EC, Directorate-General for Economic and Financial Affairs (DG ECFIN) in its series European Economy - Economic Papers with number 149.

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Length: 49 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:fth:eeccco:149

Contact details of provider:
Postal: Commission of the European Communities. Directorate-General for Economic and Financial Affairs, B- 1049 Brussels, Belgium
Fax: +32 2 299.35.78
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Web page: http://europa.eu/comm/economy_finance/
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Related research
Keywords: PENSION SYSTEM REFORM ; AGEING ; WAGES;

Find related papers by JEL classification:
H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
I3 - Health, Education, and Welfare - - Welfare and Poverty
J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Hans-Werner Sinn, 2005. "Europe’s Demographic Deficit A Plea For A Child Pension System," De Economist, Springer, vol. 153(1), pages 1-45, December. [Downloadable!] (restricted)
  2. Sinn, Hans-Werner, 2005. "Europe's Demographic Deficit," Discussion Papers in Economics 934, University of Munich, Department of Economics. [Downloadable!]
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This page was last updated on 2009-10-24.


This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.