Towards sustainable but still adequate pensions in the EU: Theory, trends and simulations

by Juraj Draxler, Jørgen Mortensen
April, 2009

This report is a summary of the research project on the “Adequacy and Sustainability of Old-Age Income Maintenance” (AIM). Thirteen institutes from across the EU have collaborated on the task of assessing the situation of today’s pensioners and providing insights into future trends and policy options for securing adequate income for EU pensioners.

Measuring the Sustainability of Pension Systems through a Microsimulation Model: The Case of Italy

by Flavia Coda Moscarola
January, 2009

Many countries have recently enacted radical reforms to their pension systems to recover long-term financial sustainability. One measure has been to introduce an actuarially fair pension rule. A system that grants actuarially fair benefits is not only fair across individuals and generations, i.e. it grants equality of treatment, but is also sustainable in the long … Continued

What are the consequences of the AWG-projections for the adequacy of social security pensions?

by Gijs Dekkers, Hermann Buslei, Maria Cozzolino, Raphael Desmet, Johannes Geyer, Dirk Hofmann, Michele Raitano, Viktor Steiner, Paola Tanda, Simone Tedeschi, Frédéric Verschueren
January, 2009

This paper starts by describing the model MIDAS in detail. It next presents and discusses some simulation results for Belgium, Germany and Italy. Finally, the simulation results of two alternative policy scenarios are presented and discussed.

Measurement Issues for Adequacy Comparisons among Pension Systems

by Antonio Abatemarco
January, 2009

In this paper indexes are proposed in order to capture the degree to which a pension scheme (i) prevents from poverty among the elderly, (ii) enables living-standard smoothing after retirement, (iii) induces both intra- and inter-generational solidarity.

Retirement Behaviour in Poland and the Potential Impact of Pension System Changes

by Agnieszka Chlon-Dominczak
January, 2009

This paper focuses on retirement behaviour in Poland, especially early withdrawal from the labour market. It shows that retirement ages are very low, which can be attributed to the current regulations of the old-age pension system, as well as other pre-retirement transfers. The age of retirement is closely related to the legal framework of the … Continued

A Semi-Aggregate Model for Social Expenditure Projections

by Pier Marco Ferraresi, Chiara Monticone
January, 2009

This report describes the semi-aggregate model (SAM) developed to deliver aggregate projections of social protection expenditures as well as semi-aggregate projections of income sources by age class and gender for a number of European countries (Denmark, France, Germany, Italy, Latvia, Luxembourg, Netherlands, Poland, Spain and United Kingdom) over the horizon 2005 – 2050. The partial … Continued