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Can pension systems cope?
 — population ageing and retirement income provision in the European Union
Author(s)E Philip Davis
Corporate AuthorRoyal Institute of International Affairs
PublisherRoyal Institute of International Affairs, London, 1997
Pages68 pp
SourceRoyal Institute of International Affairs, Chatham House, 10 St James's Square, London SW1Y 4LE.
KeywordsPensions ; Private pensions ; Ageing process ; Demography ; Economics ; Social policy ; European Union ; Western Europe.
AnnotationAn earlier version of this paper was presented at the Tokyo Club seminar on 'Economics and Ageing', at the Institut Français des Relations Internationales, Paris, 10-11 October 1996. The author examines the effect of an ageing population in the European Union (EU) on economic performance in general and on pension systems in particular. Significant, phased reform of many such systems is required, which will allow individuals time to adapt. Current 'pay-as-you-go' (PAYG) schemes should continue to play a role, especially in view of the contribution they make to poverty alleviation. The development of private and public funded schemes should be a priority, to avert a looming financing crisis, and to contribute to the generation of increased private investment and economic growth.
Accession NumberCPA-971202219 B
ClassmarkJJ: JK: BG: S8: W: TM2: WFC: 76

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