Pension Reforms in Europe: How Far Have We Come and Gone?

In the past few decades, a myriad of reforms in Europe have had a significant impact on the way and extent to which public pensions provide retirement income. This departmental paper takes stock of where European pension systems stand and assesses their key characteristics. We present a novel measur...

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Bibliographic Details
Main Author: Fouejieu, Armand
Other Authors: Kangur, Alvar, Romero Martinez, Samuel, Soto, Mauricio
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2021
Series:Departmental Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:In the past few decades, a myriad of reforms in Europe have had a significant impact on the way and extent to which public pensions provide retirement income. This departmental paper takes stock of where European pension systems stand and assesses their key characteristics. We present a novel measure of the balance between lifetime benefits and contributions—the Proportionality Measure—to examine pension systems’ long-term sustainability, fairness, and intergenerational equity
Physical Description:93 pages
ISBN:9781513593920