TY - BOOK AU - Olaf Weddige PY - 2018 CY - Berlin, Germany PB - Peter Lang Verlag SN - 9783631749760 TI - Measuring Public Pension Liabilities in the European Union DO - 10.3726/b13542 UR - https://www.peterlang.com/document/1068157 N2 - 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. KW - demographic development, generational accounting, cross country comparison, Public pension systems LA - English ER -