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Pension Reforms in Europe: How Far Have We Come and Gone?
Author:
Mr. Armand P Fouejieu
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https://orcid.org/0000-0002-2527-4601
,
Mr. Alvar Kangur
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,
Samuel Romero Martinez
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, and
Mauricio Soto
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Series:
Departmental Papers
Volume/Issue:
Volume 2021: Issue 016
Language:
English
Publication Date:
10 Sep 2021
DOI:
https://doi.org/10.5089/9781513593920.087
ISBN:
9781513593920
ISSN:
2616-5333
Pages:
93
Keywords:
Pension and social policy; intergenerational fairness; sustainability; Europe
Legal-disclaimer:
The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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In the past few decades, a myriad of reforms in Europe have had a significant impact on the way and extent to which public pensions provide retirement income. This departmental paper takes stock of where European pension systems stand and assesses their key characteristics. We present a novel measure of the balance between lifetime benefits and contributions—the Proportionality Measure—to examine pension systems’ long-term sustainability, fairness, and intergenerational equity
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Cover Departmental Papers
Departmental Papers
ISSN:
2616-5333
Publisher:
International Monetary Fund