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Pension Systems in the EU. Contingent Liabilities and Assets in the Public and Private Sector

Author

Listed:
  • Christine Mayrhuber

    (WIFO)

  • Gerhard Rünstler

    (WIFO)

  • Thomas Url

    (Austrian Institute of Economic Research)

  • Werner Eichhorst
  • Michael J. Kendzia

    (Institute for the Study of Labor)

  • Maarten Gerard

    (IDEA Consult)

  • Connie Nielsen

    (NIRAS Consultants A/S)

Abstract

This study provides an overview of the different pension systems across EU member countries and describes contingent liabilities and assets in the public and private sectors. Therefore, the study assesses both the recent development of the pension schemes and the current stay of play. As a result, good practices are identified and sound features commended which are to be implemented across the EU. Key elements of an adequate and sustainable pension scheme include, for example, a higher labour market participation rate, most notably amongst older workers, a higher retirement age and an appropriate mix of pension pillars.

Suggested Citation

  • Christine Mayrhuber & Gerhard Rünstler & Thomas Url & Werner Eichhorst & Michael J. Kendzia & Maarten Gerard & Connie Nielsen, 2011. "Pension Systems in the EU. Contingent Liabilities and Assets in the Public and Private Sector," WIFO Studies, WIFO, number 43938, January.
  • Handle: RePEc:wfo:wstudy:43938
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    References listed on IDEAS

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. The euro area's debt hangover
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2015-04-20 18:22:33
    2. The Euro Area's Debt Hangover
      by Stephen G. Cecchetti in Huffington Post Business on 2015-05-19 18:57:53

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    Cited by:

    1. Christine Mayrhuber & Silvia Rocha-Akis, 2014. "Niedriglohnbeschäftigung und Sozialversicherungsabgaben," WIFO Studies, WIFO, number 60727, December.
    2. Ive Marx & Lina Salanauskaite & Gerlinde Verbist, 2013. "GINI DP 82: The paradox of redistribution revisited: and that it may rest in peace?," GINI Discussion Papers 82, AIAS, Amsterdam Institute for Advanced Labour Studies.
    3. Marek Dabrowski, 2016. "Fiscal Sustainability: Conceptual, Institutional, and Policy Issues," CASE Network Reports 0128, CASE-Center for Social and Economic Research.
    4. Gordana Matković & Katarina Stanić, 2020. "The Serbian Pension System In Transition: A Silent Break With Bismarck," Economic Annals, Faculty of Economics, University of Belgrade, vol. 65(225), pages 105-134, April – J.
    5. Dilshodjon Alidjonovich Rakhmonov, 2016. "Improvement of the Pension System in Uzbekistan: Through the Experience of the European Union Countries," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 4(1), pages 80-90.
    6. Ive Marx & Lina Salanauskaite & Gerlinde Verbist, 2013. "The paradox of redistribution revisited: and that it may rest in peace?," LIS Working papers 593, LIS Cross-National Data Center in Luxembourg.
    7. Thomas Url, 2015. "Altersvorsorgesysteme in Europa," WIFO Studies, WIFO, number 57913, December.
    8. Gurgen Aslanyan, 2014. "The migration challenge for PAYG," Journal of Population Economics, Springer;European Society for Population Economics, vol. 27(4), pages 1023-1038, October.
    9. Marx, Ive & Salanauskaite, Lina & Verbist, Gerlinde, 2013. "The Paradox of Redistribution Revisited: And That It May Rest in Peace?," IZA Discussion Papers 7414, Institute of Labor Economics (IZA).
    10. Klaus Kaier & Christoph Müller, 2015. "New figures on unfunded public pension entitlements across Europe: concept, results and applications," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(4), pages 865-895, November.
    11. Borbála Szüle, 2013. "Savings and Implicit Debt in Pension Systems," Public Finance Quarterly, State Audit Office of Hungary, vol. 58(3), pages 334-348.

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