The implications of the economic crisis on public old age pension spending in European countries
The financial and economic crisis has come on top of an existing demographic crisis that is straining the public pension schemes throughout Europe. As the population is aging, projections of future pensions show that they will not reach target replacement income. The demographic and economic crises...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2014-02-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/956.pdf
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| Summary: | The financial and economic crisis has come on top of an existing demographic
crisis that is straining the public pension schemes throughout Europe. As the population
is aging, projections of future pensions show that they will not reach target replacement
income. The demographic and economic crises have forced regulators in Europe to speed
up the long-needed pension system reforms, but also to take some immediate steps to help
them cope with the immediate effects of the crisis. The main objective of this paper is to
analyze the impact of the financial and economic crisis on public old age pension
spending. |
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| ISSN: | 1841-8678 1844-0029 |