In this paper we examine the sustainability of euro area public finances against the backdrop of population ageing. We … alternative indicators to quantify sustainability gaps for euro area countries. With respect to the policy implications, we assess … the appropriateness of different budgetary strategies to restore fiscal sustainability taking into account …

Concern about the long-term sustainability of European public pension systems has been a permanent feature for decades … European countries to introduce far-reaching reforms in their pension systems with the aim of ensuring their sustainability … to ensure the sustainability of their pensions. The wide range of measures taken include delaying the retirement age and …

, through successive application, to restore the sustainability of the pay-as-you-go pension system. First, adjustments can be …. Countries such as Finland, Portugal, Germany, Sweden and Japan, amongst others, have already legislated and included different … recently set up and analyse their effectiveness in terms of financial sustainability and adequacy of benefits. …

age, reducing the replacement rate, or introducing a sustainability factor linking pension to life expectancy. The aim of …