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Title:Pension systems, ageing and the stability and growth pact PDF Logo
Authors:Beetsma, Roel
Oksanen, Heikki
Issue Date:2007
Series/Report no.:CESifo working paper 2141
Abstract:This paper explores how the Stability and Growth Pact may cope with the future costs of population ageing in the European Union. Clearly, population ageing has forced countries to reform their pension systems, and will continue to do so, both by reducing the generosity of pension arrangements and by switching to funding rather than relying on pure pay-as-you go pension provision. We study how such reforms affect the room for adhering to the Pact, but also how the Pact may induce or hamper the incentives for reform. In our analysis we will draw on recent literature on the Pact and on the pensions and the ageing problem. We will also calibrate a simple model for addressing intergenerational equity.
JEL:H55
H62
H63
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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