Public Pension Reform in Europe: Policies, Prospects and Evaluation
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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Volume (Year): 26 (2003)
Issue (Month): 10 (November)
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