The Inverting Pyramid : Pension Systems Facing Demographic Challenges in Europe and Central Asia

Europe's pension systems -among the most celebrated features of its social welfare model- face tremendous challenges. With only 11 percent of the world's population, Europe spends about 60 percent of global outlays on social protection, largely in pensions. In many countries, pension rules have encouraged people to retire sooner, while enjoying longer lives. Payroll taxes on a continuously expanding contributory base have financed these benefits. This model of pension provision is now being severely tested as pension systems reach maturity, while the population is aging and the labor force is

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Year of publication:	1905
Authors:	Schwarz, Anita M.
Other Persons:	Arias, Omar S. (contributor) ; Zviniene, Asta (contributor)
Publisher:	Washington : World Bank Publications
Subject:	Gesetzliche Rentenversicherung \| Public pension system \| Zentralasien \| Central Asia \| Altersvorsorge \| Retirement provision \| Europa \| Europe \| EU-Staaten \| EU countries
Description of contents:	Table of Contents [external.dandelon.com]

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Extent:	Online-Ressource (304 p)
Series:	Europe and Central Asia Reports
Type of publication:	Book / Working Paper
Language:	English
Notes:	Description based upon print version of record Cover; Contents; Foreword; Acknowledgments; Executive Summary; 1. The Inverting Pyramid; Figures; 1.1 Population and Pension System Dynamics in Europe and Central Asia; Five Country Clusters; 1.2 Pension Benefit Generosity and Working-Age Population Growth in Europe and Central Asia; Organization of the Report; 2. The Evolution of Public Pension Programs; Introduction; Beginnings of Pension Systems in Western Europe; From Limited "Insurance" to Generous "Savings" Schemes 2.1 Increase in the Proportion of the Labor Force with Pension Scheme Coverage in Selected European Economies with Contributory Pension Schemes, 1900-19752.2 Population Growth in the Twentieth Century in Selected European Economies; 2.3 Labor Force Growth in the Twentieth Century in Selected European Economies; 2.4 Growth of Active Contributors in Selected European Economies with Contributory Pension Schemes, 1900-2005; 2.5 Comparison of Growth in Pensions, Wages, and Prices in Selected European Economies, 1965-1979 2.6 Growth in Average Pension Compared to Average Wage in the Netherlands and Hungary, 1950-19902.7 Change in Effective Retirement Ages in Selected European Economies, 1970-2010; Outcomes of Pension Program Introduction in Western Europe; 2.8 Changes in Retirement Age and Impact on Duration of Retirement in Belgium, Spain, and Sweden, 1970-2009; 2.9 Pension Spending as a Percentage of GDP in Selected European Economies, 1954-2004; 2.10 Gap between Elderly Poverty and Poverty in the General Population, Selected European Economies, 1987 and 2004 2.11 Link between Pre-Retirement Earnings and Benefit Entitlements as Reflected in Pension System Design in Selected European CountriesChoices Made by Other Countries of the Region; Tables; 2.1 Pension System Designs and Components in Selected European and Central Asian Economies; Boxes; 2.1 World Bank Definitions of Pension Pillars and Characteristics of Different Pension Systems; 2.12 Link between Pre-Retirement Earnings and Benefit Entitlements as Reflected in Pension System Design in Central Europe and the Balkans 2.13 Link between Pre-Retirement Earnings and Benefit Entitlements as Reflected in Pension System Design in the Former Soviet Union Countries and TurkeyThe Inverting Pyramid: Structural Break in the PAYG Financing Model; 2.14 Extension of Coverage and Its Impact on Pension Systems in Europe and Central Asia, 1900s through 2050; 2.15 Increasing Pension Contribution Rates in Response to Expanding Expenditures in Selected European Economies, 1940-2012; 2.16 Working-Age Population from 1950 to 2050 Relative to 2013, Selected European and Central Asian Economies 2.17 Change in Working-Age Population in Selected European and Central Asian Economies, 1970-2010 and 2010-2050
ISBN:	978-0-8213-9908-8 ; 978-0-8213-9909-5 ; 978-0-8213-9908-8
Source:	ECONIS - Online Catalogue of the ZBW

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