The implications of the economic crisis on public old age pension spending in European countries

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...

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Bibliographic Details
Main Authors: Marta Christina SUCIU, Ileana GURAN TEODORESCU
Format: Article
Language:English
Published: General Association of Economists from Romania 2014-02-01
Series:Theoretical and Applied Economics
Subjects:
old age pension
public spending
demographic crisis
global crisis
Online Access: http://store.ectap.ro/articole/956.pdf

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