Sustainability and the Public Burden of the Elderly After Pension Reforms
(2015) EKHM51 20151Department of Economic History
- Abstract
- There are multiple dimensions pertaining to the sustainability of the public pension systems. The old PAYG DB schemes were typically more focused on income adequacy than financial sustainability. The current public pension systems of Austria, Germany, Finland and Sweden are the result of recent reforms undertaken in response to a universal phenomenon. The aging of the population promised to put a strain on the financial sustainability and each country has addressed this differently. However, the old-age pension schemes are not alone in supporting the elderly. Some of the additional programs become steppingstones to early exits from the workforce, when retirements in fact need to be delayed. The subsidized consumption of the elderly, as... (More)
- There are multiple dimensions pertaining to the sustainability of the public pension systems. The old PAYG DB schemes were typically more focused on income adequacy than financial sustainability. The current public pension systems of Austria, Germany, Finland and Sweden are the result of recent reforms undertaken in response to a universal phenomenon. The aging of the population promised to put a strain on the financial sustainability and each country has addressed this differently. However, the old-age pension schemes are not alone in supporting the elderly. Some of the additional programs become steppingstones to early exits from the workforce, when retirements in fact need to be delayed. The subsidized consumption of the elderly, as well as estimated effective exit ages are calculable in a new way using the national transfer accounts. The burden the elderly lay upon the population is largely due to the underlying mechanism that has yet to be changed. With or without this mechanism, the systems sustainability remains under question. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/7752401
- author
- Johansson, Mathias LU
- supervisor
- organization
- course
- EKHM51 20151
- year
- 2015
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- sustainability, public burden, national transfer accounts, Public pensions, reforms
- language
- English
- id
- 7752401
- date added to LUP
- 2016-09-14 08:41:48
- date last changed
- 2016-09-14 08:41:48
@misc{7752401, abstract = {{There are multiple dimensions pertaining to the sustainability of the public pension systems. The old PAYG DB schemes were typically more focused on income adequacy than financial sustainability. The current public pension systems of Austria, Germany, Finland and Sweden are the result of recent reforms undertaken in response to a universal phenomenon. The aging of the population promised to put a strain on the financial sustainability and each country has addressed this differently. However, the old-age pension schemes are not alone in supporting the elderly. Some of the additional programs become steppingstones to early exits from the workforce, when retirements in fact need to be delayed. The subsidized consumption of the elderly, as well as estimated effective exit ages are calculable in a new way using the national transfer accounts. The burden the elderly lay upon the population is largely due to the underlying mechanism that has yet to be changed. With or without this mechanism, the systems sustainability remains under question.}}, author = {{Johansson, Mathias}}, language = {{eng}}, note = {{Student Paper}}, title = {{Sustainability and the Public Burden of the Elderly After Pension Reforms}}, year = {{2015}}, }