Annex

The EC Should Make Sure that European Citizens are Informed about the Long-Term Sustainability of Their Pension Systems
  • Tito Boeri
  • Axel Börsch-Supan
  • Agar Brugiavini
  • Richard Disney
  • Arie Kapteyn
  • Franco Peracchi
Chapter

Abstract

Europeans are living longer, and fewer now remain in the labour force as they grow older. Many European countries have responded to these pressures by reforming their public pension systems. There is considerable uncertainty as to the effects of these reforms — as they typically do not alter the unfunded nature of public pension arrangements — and this uncertainty is itself costly. Not only does it undermine the credibility of public pension programmes inducing people to retire early, but it also distorts savings behaviour and capital accumulation.

Keywords

Pension System Forecast Horizon Public Pension Private Pension European Community Household Panel 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 2001

Authors and Affiliations

  • Tito Boeri
    • 1
  • Axel Börsch-Supan
    • 2
  • Agar Brugiavini
    • 3
  • Richard Disney
    • 4
  • Arie Kapteyn
    • 5
  • Franco Peracchi
    • 6
  1. 1.Fondazione Debenedetti and University of BocconiItaly
  2. 2.University of MannheimGermany
  3. 3.University of VeniceItaly
  4. 4.University of NottinghamUK
  5. 5.Tilburg UniversityThe Netherlands
  6. 6.University of Tor VergataItaly

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