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
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300 |a 93 pages 
651 4 |a Greece 
653 |a Population & demography 
653 |a Public Policy 
653 |a Private Pensions 
653 |a Economics of the Handicapped 
653 |a Demographic Trends, Macroeconomic Effects, and Forecasts 
653 |a Pension spending 
653 |a Labour 
653 |a Retirement Policies 
653 |a Social Security and Public Pensions 
653 |a Non-labor Market Discrimination 
653 |a Nonwage Labor Costs and Benefits 
653 |a Fiscal Policy 
653 |a Fiscal policy 
653 |a Economics of the Elderly 
653 |a Aging 
653 |a Political economy 
653 |a Population aging 
653 |a Labor 
653 |a Population and demographics 
653 |a Expenditure 
653 |a Retirement 
653 |a International institutions 
653 |a Demography 
653 |a Pension reform 
653 |a International Economics 
653 |a Pensions 
653 |a Forecasts of Budgets, Deficits, and Debt 
653 |a Taxation 
653 |a Public Finance 
653 |a Income economics 
700 1 |a Kangur, Alvar 
700 1 |a Romero Martinez, Samuel 
700 1 |a Soto, Mauricio 
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520 |a 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