Pension Reform in Europe : Process and Progress

Pension reform is an important topic, high on the agendas of most European countries, where countries are profoundly affected by an aging population, the result of lower fertility, and increased life expectancy, changes in family structure, and the...

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Main Authors: Holzmann, Robert, Orenstein, Mitchell, Rutkowski, Michal
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank 2013
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2003/02/2432540/pension-reform-europe-process-progress
http://hdl.handle.net/10986/15132
id okr-10986-15132
recordtype oai_dc
spelling okr-10986-151322021-04-23T14:03:11Z Pension Reform in Europe : Process and Progress Holzmann, Robert Orenstein, Mitchell Rutkowski, Michal Holzmann, Robert Orenstein, Mitchell Rutkowski, Michal PENSION REFORM PENSION SYSTEMS AGING PERSONS FERTILITY RATES LIFE EXPECTANCY (HUMAN) FAMILY COMPOSITION GLOBALIZATION RETIREMENT INCOME PENSION FUNDS RISK ASSESSMENT PRIVATIZATION DEMOCRATIZATION ELECTION LAW STRUCTURAL REFORMS EARLY RETIREMENT GOVERNMENT COMMITMENTS CONSENSUS BUILDING SOCIAL POLICY REFORM TRANSITION ECONOMIES ASSET MANAGERS AVERAGE BENEFITS BENEFIT LEVEL BUDGET DEFICIT CONTRIBUTION PERIOD DEBT DEPENDENCY RATIO ECONOMIC FACTORS ECONOMIC GROWTH EMPIRICAL EVIDENCE EXCHANGE RATE EXPENDITURES FISCAL CRITERIA FISCAL DEFICIT FUNDED ACCOUNTS FUNDED COMPONENT FUNDED PENSIONS FUNDED SYSTEMS INCOME INEQUALITY INDEXATION INDIVIDUAL ACCOUNTS INTERNATIONAL ORGANIZATIONS LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKETS LEISURE LIFE EXPECTANCIES LIFE EXPECTANCY MANDATORY SYSTEM MULTI- PILLAR SYSTEM NOTIONAL ACCOUNT PENSION REFORM PENSION REFORM EFFORTS PENSION REFORM PROCESS PENSION REFORMS PENSION RIGHTS PENSION SCHEMES PENSION SYSTEM PENSION SYSTEMS PENSIONS POLITICAL ECONOMY PRIVATE PENSION PRIVATE PENSION FUNDS PRIVATE SAVINGS PRODUCTIVITY PRODUCTIVITY GROWTH PUBLIC OPINION PUBLIC SCHEMES PUBLIC SECTOR REFORM PROCESSES RELATIVE PRICE REPLACEMENT RATE RETIREES RETIREMENT RETIREMENT AGE RETIREMENT INCOME RETIREMENT INCOME SYSTEMS SOCIAL POLICY SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS SUPERVISORY CAPACITIES TAX ADVANTAGES UNEMPLOYMENT WAGES Pension reform is an important topic, high on the agendas of most European countries, where countries are profoundly affected by an aging population, the result of lower fertility, and increased life expectancy, changes in family structure, and the effects of globalization. The book presents seven papers on the political economy of European pension reform, where clearly, major reforms are needed, to ensure the sustainability of retirement income systems. However, reform programs will need to combine measures to delay retirement; introduce changes in the benefit structure; and, diversify the sources of retirement income, to better balance individuals' risks. Subjects address the need to accelerate the European pension reform agenda, and compares the making of pension privatization in Latin America with that in Eastern Europe. Furthermore, subjects look at democracy and structural pension reform in continental Europe, focusing on the aging population, the electoral behavior, and early retirement impacts, on the basis of commitment, and consensus - or the lack thereof - to pension reform. Most interestingly, one of the subjects questions, and further analyzes, the wide differences of social policy models among transition economies, to finalize with a look at the diffusion of pension innovation. These subjects provide insight into the process, and progress of European pension reform, to the benefit of the reform agenda in other regions as well. 2013-08-16T19:13:11Z 2013-08-16T19:13:11Z 2003 http://documents.worldbank.org/curated/en/2003/02/2432540/pension-reform-europe-process-progress 0-8213-5358-6 http://hdl.handle.net/10986/15132 English en_US Directions in Development; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Europe
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic PENSION REFORM
PENSION SYSTEMS
AGING PERSONS
FERTILITY RATES
LIFE EXPECTANCY (HUMAN)
FAMILY COMPOSITION
GLOBALIZATION
RETIREMENT INCOME
PENSION FUNDS
RISK ASSESSMENT
PRIVATIZATION
DEMOCRATIZATION
ELECTION LAW
STRUCTURAL REFORMS
EARLY RETIREMENT
GOVERNMENT COMMITMENTS
CONSENSUS BUILDING
SOCIAL POLICY REFORM
TRANSITION ECONOMIES ASSET MANAGERS
AVERAGE BENEFITS
BENEFIT LEVEL
BUDGET DEFICIT
CONTRIBUTION PERIOD
DEBT
DEPENDENCY RATIO
ECONOMIC FACTORS
ECONOMIC GROWTH
EMPIRICAL EVIDENCE
EXCHANGE RATE
EXPENDITURES
FISCAL CRITERIA
FISCAL DEFICIT
FUNDED ACCOUNTS
FUNDED COMPONENT
FUNDED PENSIONS
FUNDED SYSTEMS
INCOME INEQUALITY
INDEXATION
INDIVIDUAL ACCOUNTS
INTERNATIONAL ORGANIZATIONS
LABOR FORCE
LABOR FORCE PARTICIPATION
LABOR MARKETS
LEISURE
LIFE EXPECTANCIES
LIFE EXPECTANCY
MANDATORY SYSTEM
MULTI- PILLAR SYSTEM
NOTIONAL ACCOUNT
PENSION REFORM
PENSION REFORM EFFORTS
PENSION REFORM PROCESS
PENSION REFORMS
PENSION RIGHTS
PENSION SCHEMES
PENSION SYSTEM
PENSION SYSTEMS
PENSIONS
POLITICAL ECONOMY
PRIVATE PENSION
PRIVATE PENSION FUNDS
PRIVATE SAVINGS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PUBLIC OPINION
PUBLIC SCHEMES
PUBLIC SECTOR
REFORM PROCESSES
RELATIVE PRICE
REPLACEMENT RATE
RETIREES
RETIREMENT
RETIREMENT AGE
RETIREMENT INCOME
RETIREMENT INCOME SYSTEMS
SOCIAL POLICY
SOCIAL PROTECTION
SOCIAL SECURITY
SOCIAL SECURITY CONTRIBUTIONS
SUPERVISORY CAPACITIES
TAX ADVANTAGES
UNEMPLOYMENT
WAGES
spellingShingle PENSION REFORM
PENSION SYSTEMS
AGING PERSONS
FERTILITY RATES
LIFE EXPECTANCY (HUMAN)
FAMILY COMPOSITION
GLOBALIZATION
RETIREMENT INCOME
PENSION FUNDS
RISK ASSESSMENT
PRIVATIZATION
DEMOCRATIZATION
ELECTION LAW
STRUCTURAL REFORMS
EARLY RETIREMENT
GOVERNMENT COMMITMENTS
CONSENSUS BUILDING
SOCIAL POLICY REFORM
TRANSITION ECONOMIES ASSET MANAGERS
AVERAGE BENEFITS
BENEFIT LEVEL
BUDGET DEFICIT
CONTRIBUTION PERIOD
DEBT
DEPENDENCY RATIO
ECONOMIC FACTORS
ECONOMIC GROWTH
EMPIRICAL EVIDENCE
EXCHANGE RATE
EXPENDITURES
FISCAL CRITERIA
FISCAL DEFICIT
FUNDED ACCOUNTS
FUNDED COMPONENT
FUNDED PENSIONS
FUNDED SYSTEMS
INCOME INEQUALITY
INDEXATION
INDIVIDUAL ACCOUNTS
INTERNATIONAL ORGANIZATIONS
LABOR FORCE
LABOR FORCE PARTICIPATION
LABOR MARKETS
LEISURE
LIFE EXPECTANCIES
LIFE EXPECTANCY
MANDATORY SYSTEM
MULTI- PILLAR SYSTEM
NOTIONAL ACCOUNT
PENSION REFORM
PENSION REFORM EFFORTS
PENSION REFORM PROCESS
PENSION REFORMS
PENSION RIGHTS
PENSION SCHEMES
PENSION SYSTEM
PENSION SYSTEMS
PENSIONS
POLITICAL ECONOMY
PRIVATE PENSION
PRIVATE PENSION FUNDS
PRIVATE SAVINGS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PUBLIC OPINION
PUBLIC SCHEMES
PUBLIC SECTOR
REFORM PROCESSES
RELATIVE PRICE
REPLACEMENT RATE
RETIREES
RETIREMENT
RETIREMENT AGE
RETIREMENT INCOME
RETIREMENT INCOME SYSTEMS
SOCIAL POLICY
SOCIAL PROTECTION
SOCIAL SECURITY
SOCIAL SECURITY CONTRIBUTIONS
SUPERVISORY CAPACITIES
TAX ADVANTAGES
UNEMPLOYMENT
WAGES
Holzmann, Robert
Orenstein, Mitchell
Rutkowski, Michal
Pension Reform in Europe : Process and Progress
geographic_facet Europe and Central Asia
Europe
relation Directions in Development;
description Pension reform is an important topic, high on the agendas of most European countries, where countries are profoundly affected by an aging population, the result of lower fertility, and increased life expectancy, changes in family structure, and the effects of globalization. The book presents seven papers on the political economy of European pension reform, where clearly, major reforms are needed, to ensure the sustainability of retirement income systems. However, reform programs will need to combine measures to delay retirement; introduce changes in the benefit structure; and, diversify the sources of retirement income, to better balance individuals' risks. Subjects address the need to accelerate the European pension reform agenda, and compares the making of pension privatization in Latin America with that in Eastern Europe. Furthermore, subjects look at democracy and structural pension reform in continental Europe, focusing on the aging population, the electoral behavior, and early retirement impacts, on the basis of commitment, and consensus - or the lack thereof - to pension reform. Most interestingly, one of the subjects questions, and further analyzes, the wide differences of social policy models among transition economies, to finalize with a look at the diffusion of pension innovation. These subjects provide insight into the process, and progress of European pension reform, to the benefit of the reform agenda in other regions as well.
author2 Holzmann, Robert
author_facet Holzmann, Robert
Holzmann, Robert
Orenstein, Mitchell
Rutkowski, Michal
format Publications & Research :: Publication
author Holzmann, Robert
Orenstein, Mitchell
Rutkowski, Michal
author_sort Holzmann, Robert
title Pension Reform in Europe : Process and Progress
title_short Pension Reform in Europe : Process and Progress
title_full Pension Reform in Europe : Process and Progress
title_fullStr Pension Reform in Europe : Process and Progress
title_full_unstemmed Pension Reform in Europe : Process and Progress
title_sort pension reform in europe : process and progress
publisher Washington, DC: World Bank
publishDate 2013
url http://documents.worldbank.org/curated/en/2003/02/2432540/pension-reform-europe-process-progress
http://hdl.handle.net/10986/15132
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