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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.
  • Handle: RePEc:wfo:wstudy:43938
    as

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    File URL: https://www.wifo.ac.at/wwa/pubid/43938
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    References listed on IDEAS

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    Cited by:

    1. 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.
    2. Marek Dabrowski, 2016. "Fiscal Sustainability: Conceptual, Institutional, and Policy Issues," CASE Network Reports 0128, CASE-Center for Social and Economic Research.
    3. repec:wfo:wstudy:60727 is not listed on IDEAS
    4. 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.
    5. repec:wfo:wstudy:57913 is not listed on IDEAS
    6. 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.
    7. 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.
    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 for the Study of Labor (IZA).
    10. 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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