1.

Record Nr.

UNINA9910828476103321

Autore

Schwarz Anita Mahesh <1957->

Titolo

The inverting pyramid : pension systems facing demographic challenges in Europe and Central Asia / / Anita M. Schwarz and Omar S. Arias

Pubbl/distr/stampa

Washington, DC : , : World Bank, , c2014

ISBN

0-8213-9909-8

Edizione

[1st ed.]

Descrizione fisica

1 online resource (xxii, 276 pages) : illustrations (chiefly color) ; ; 24 cm

Collana

Europe and Central Asia reports

Altri autori (Persone)

SchwarzAnita Mahesh <1957->

Disciplina

331.25/2094

Soggetti

Pensions - Europe

Pensions - Asia, Central

Europe Population

Asia, Central Population

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Executive summary -- The inverting pyramid -- The evolution of public pension programs -- Have the pension reforms to date been enough? -- The role of savings in the provision of retirement income -- Financing pensions in Europe and Central Asia -- Working more, longer, and more productively -- Lessons from two decades of pension reform and policy solutions for the future.

Sommario/riassunto

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