Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/183005 
Authors: 
Year of Publication: 
2011
Series/Report no.: 
Sozialökonomische Schriften No. 42
Publisher: 
Peter Lang International Academic Publishers, Berlin
Abstract: 
Due to the demographic development, public pension systems in the European Union organized on a pay-as-you-go (PAYG) principle will be forced to either raise contribution rates or taxes, shorten future replacement rates, or enforce a combination of both. In this regard, two important issues have to be addressed: The first issue refers to the question of measuring the public pension liabilities of private households until today. The extent of these liabilities has an impact on the saving behaviour. The second issue refers to the consequences of the demographic development for future retirees and contributors and examines the sustainability of pension schemes by confronting the present value of future pension payments with the present value of future contributions.
Persistent Identifier of the first edition: 
ISBN: 
978-3-631-74976-0
Creative Commons License: 
cc-by Logo
Document Type: 
Book
Document Version: 
Digitized Version

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