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The future of pensions in Europe


  • Michele Boldrin
  • Juan J. Dolado
  • Juan F. Jimeno
  • Franco Peracchi


"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." Copyright Centre for Economic Policy Research, Center for Economic Studies, Maison des Sciences de l'Homme, 1999 .

Suggested Citation

  • Michele Boldrin & Juan J. Dolado & Juan F. Jimeno & Franco Peracchi, 1999. "The future of pensions in Europe," Economic Policy, CEPR;CES;MSH, vol. 14(29), pages 287-320, October.
  • Handle: RePEc:bla:ecpoli:v:14:y:1999:i:29:p:287-320

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    References listed on IDEAS

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