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Pension systems in European countries: peculiarities and challenges

Author

Listed:
  • Kęstutis Peleckis

    (Vilnius Business College, Lithuania)

  • Valentina Peleckienė

    (Vilnius Business College, Lithuania)

  • Bahman Peyravi

    (Kauno kolegija / Higher Education Institution, Lithuania)

Abstract

This study explores the role of pension systems in maintaining the basic living needs of retirees after retirement. As the proportion of elderly populations grows, the burden of the elderly dependency ratio also increases. The article's objective is to ensure the basic living standards of retirees in different European countries in the face of growing population ageing, maintain sustainable development of pension funds, and reduce the government's financial burden. Additionally, the analysis evaluates the impact of government regulation on the lives of people aged 65 and above. Using panel data from Eurostat between 2019 and 2023, we adopt a longitudinal approach to study how long-term commitments to pension fund regulation will influence pension financial sustainability and quality of life after retirement. The analysis provides theoretical insights and tailored managerial policy recommendations.

Suggested Citation

  • Kęstutis Peleckis & Valentina Peleckienė & Bahman Peyravi, 2025. "Pension systems in European countries: peculiarities and challenges," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 13(1), pages 373-390, September.
    • Handle: RePEc:ssi:jouesi:v:13:y:2025:i:1:p:373-390
    DOI: 10.9770/w7675528257
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    Keywords

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    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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