Adequacy of Pension Systems in Europe: An analysis based on comprehensive replacement rates - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Adequacy of Pension Systems in Europe: An analysis based on comprehensive replacement rates write by Elsa Fornero. This book was released on 2012. Adequacy of Pension Systems in Europe: An analysis based on comprehensive replacement rates available in PDF, EPUB and Kindle. The aim of this paper is to develop indicators to highlight the ability of different national pension systems to enable individuals to maintain their living standards at retirement. Authors Margherita Borella and Elsa Fornero of the University of Turin and CeRP, perform the analysis using data and projections on different European countries and propose the use of a 'COmprehensive Replacement' (CORE) rate. Their aim is to compute, for a set of countries representative of the different European welfare and pension systems, both an actual (data-based) version of CORE, based on ECHP data, and to project its evolution into the future. The paper is organised as follows. Section 1 provides a theoretical framework as well as a review of the literature on the topic. Section 2 contains the computation of replacement rates based on ECHP data. In Section 3 CeRPSAM projections are used to compute COREs over time. Section 4 concludes.
Assessing Chile's Pension System: Challenges and Reform Options
Assessing Chile's Pension System: Challenges and Reform Options - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Assessing Chile's Pension System: Challenges and Reform Options write by Samuel Pienknagura. This book was released on 2021-09-10. Assessing Chile's Pension System: Challenges and Reform Options available in PDF, EPUB and Kindle. Chile’s pension system came under close scrutiny in recent years. This paper takes stock of the adequacy of the system and highlights its challenges. Chile’s defined contribution system was quite influential when introduced, and was taken as an example by other countries. However, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics and global returns, while informality persists in the labor market. In the absence of reforms, the system’s inability to deliver adequate outcomes for a large share of participants will continue to magnify, as demographic trends and low global interest rates will continue to reduce replacement rates. In addition, recent legislation allowing for pension savings withdrawals to counter the effects from the COVID-19 pandemic, is projected to further reduce replacement rates and increase fiscal costs. A substantial improvement in replacement rates is feasible, via a reform that raises contribution rates and the retirement age, coupled with policies that increases workers’ contribution density.
Pensions: More Information, Less Ideology
Pensions: More Information, Less Ideology - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Pensions: More Information, Less Ideology write by Tito Boeri. This book was released on 2013-04-17. Pensions: More Information, Less Ideology available in PDF, EPUB and Kindle. Europeans are living longer, and fewer now remain in the labour force as they grow older. Many European countries have responded to the ensuing financial pressure by reforming their public pension systems and health care programmes. There is considerable uncertainty as to the effects of these reforms - as they typically do not alter the unfunded nature of public welfare arrangements and this uncertainty is itself costly. Not only does it undermine the credibility of public welfare programmes, but it may also distort labour supply behaviour, decisions regarding savings and capital accumulation. More generally there is uncertainty about the overall impact of ageing on welfare and society and the multiple domains in which its effects may develop. Pensions: More Information, Less Ideology builds on the existing evidence - mostly in the field of public pensions - and highlights the advantages that would be obtained by: harmonising methodologies used in the various countries to report pension outlays and forecast future pension liabilities or more generally public spending; defining common standards as to the frequency of expenditure forecasts and the length of the forecast horizons for welfare expenditures; developing European longitudinal survey of persons pre- and post retirement age, providing timely information on a wide array of decisions by individuals and household related to the ageing process and the ongoing trends.
The Future of Pension Plans in the EU Internal Market
The Future of Pension Plans in the EU Internal Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Future of Pension Plans in the EU Internal Market write by Nazaré da Costa Cabral. This book was released on 2019-11-26. The Future of Pension Plans in the EU Internal Market available in PDF, EPUB and Kindle. This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes. The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called ‘European Pillar of Social Rights’ – calling for a new approach to social policy at the European level in response to common challenges, such as ageing and the digital revolution.This interdisciplinary work embraces economic, financial and legal perspectives, while focusing on previously selected coherence aspects in order to ensure that the analyses are comprehensive and globally consistent.
Adequacy of Retirement Income After Pension Reforms in Central, Eastern, and Southern Europe
Adequacy of Retirement Income After Pension Reforms in Central, Eastern, and Southern Europe - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Adequacy of Retirement Income After Pension Reforms in Central, Eastern, and Southern Europe write by Robert Holzmann. This book was released on 2009. Adequacy of Retirement Income After Pension Reforms in Central, Eastern, and Southern Europe available in PDF, EPUB and Kindle. Pension reforms in former transition economies aimed to fiscal sustainability and market economy objectives. Estimating the gross and net replacement rates in 9 countries for steady conditions until 2040 show that they are adequate for most categories of workers, with the exception of those with intermittent or no formal sector employment.
