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This paper analyzes a new trend in recent reforms of Bismarckian pension systems in Europe and Japan. It aims at … reforms in several countries (France, Germany, Italy, Sweden, and Japan), however, do not fit into this line of argument …
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This article explores how the Stability and Growth Pact (SGP) 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...
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