Assessing the sustainability of pension reforms in Europe

Spurred by the ageing transition, many governments have made wide-ranging reforms, significantly changing Europe’s pensions landscape. Nonetheless there remain concerns about future costs, while unease about adequacy keeps growing. This study develops an extensive framework to assess pension system sustainability. It captures the results of reforms on the power of systems to ease poverty and keep maintaining living standards, while aiming how reforms change future costs and relative entitlements for different generations. This framework is different from the others, which just look at generosity at the idea of retirement, since it uses pension wealth – the worthiness of transfers throughout retirement…

Contents: Assessing the sustainability of pension reforms in Europe

Introduction
1. State pensions in Europe and their changing role
2. Defining and measuring pension system sustainability
(a) Achievement of System Goals
(b) Pressure on System Constraints
3. Applying empirically the pension system sustainability framework
4. Overall assessment of social sustainability of pension reforms
5. Policy considerations
Conclusion

Source: Centre for Analysis of Social Exclusion, LSE

Download URL 2: Visit Now