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Measuring Public Pension Liabilities in the European Union

by Olaf Weddige (Author)
©2012 Thesis XXIV, 300 Pages
Open Access
Series: Sozialökonomische Schriften, Volume 42
  • eBook

Summary

Due to the demographic development, public pension systems in the European Union organized on a pay-as-you-go (PAYG) principle will be forced to either raise contribution rates or taxes, shorten future replacement rates, or enforce a combination of both. In this regard, two important issues have to be addressed: The first issue refers to the question of measuring the public pension liabilities of private households until today. The extent of these liabilities has an impact on the saving behaviour. The second issue refers to the consequences of the demographic development for future retirees and contributors and examines the sustainability of pension schemes by confronting the present value of future pension payments with the present value of future contributions.

Details

Pages
XXIV, 300
Year
2012
ISBN (PDF)
9783631749760
ISBN (Hardcover)
9783631602737
DOI
10.3726/b13542
Open Access
CC-BY
Language
English
Publication date
2018 (September)
Keywords
generational accounting demographic development cross country comparison Public pension systems
Published
Frankfurt am Main, Berlin, Bern, Bruxelles, New York, Oxford, Wien, 2011. XXIV, 300 pp., num. tables and graphs

Biographical notes

Olaf Weddige (Author)

Olaf Weddige was born in Bremen in 1975. From 1999 to 2004, he studied economics at the University of Freiburg im Breisgau, where he achieved his diploma in 2004. From 2004 to 2009, he worked as a research assistant at the Research Center for Generational Contracts, University of Freiburg im Breisgau.

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Title: Measuring Public Pension Liabilities in the European Union