03143oam 2200697 c 450 991029704130332120240715153835.03-631-74976-710.3726/b13542(CKB)4100000007276984(OAPEN)1002917(oapen)https://directory.doabooks.org/handle/20.500.12854/29457(PH02)9783631749760(EXLCZ)99410000000727698420240525h20182012 uy 0engurnnunnnannuutxtrdacontentcrdamediacrrdacarrierMeasuring Public Pension Liabilities in the European UnionBert Rürup, Bert Rürup, Olaf Weddige1st, New ed.Frankfurt a.MPH0220182018, c20121 online resource (324 p.), EPDFSozialökonomische Schriften42Peter Lang GmbH, Internationaler Verlag der Wissenschaften3-631-60273-1 Contents: Demographic development in the European Union - Public pension liabilities - Accrued-to-date liabilities - Fiscal sustainability - Pay-as-you go - Open-system net liabilities - National accounting - Implicit pension debt - Generational accounting.Due to the demographic development, public pension systems in the European Union organized on a pay-as-you-go (PAYG) principle will be forced to either raise contribution rates or taxes, shorten future replacement rates, or enforce a combination of both. In this regard, two important issues have to be addressed: The first issue refers to the question of measuring the public pension liabilities of private households until today. The extent of these liabilities has an impact on the saving behaviour. The second issue refers to the consequences of the demographic development for future retirees and contributors and examines the sustainability of pension schemes by confronting the present value of future pension payments with the present value of future contributions.Sozialoekonomische Schriften vol. 42Political economybicsscWelfare economicsbicsscEconomic systems & structuresbicsscFinance & accountingbicssccross country comparisondemographic developmentEuropeangenerational accountingLiabilitiesMeasuringPensionPublicPublic pension systemsUnionWeddigePolitical economyWelfare economicsEconomic systems & structuresFinance & accounting300QX 400rvkWeddige Olaf1975-1372044Rürup BertedtWeddige Olaf1975-autPH02PH02BOOK9910297041303321Measuring public pension liabilities in the European Union3401893UNINA