51. Retirement Finance Reform Issues Facing the European Union
- Author:
- William G. Shipman
- Publication Date:
- 01-2003
- Content Type:
- Working Paper
- Institution:
- The Cato Institute
- Abstract:
- Changing demographics are forcing countries around the world to reexamine their public pension systems. The member states of the European Union are no exception. Indeed, the EU nations are among those facing the greatest social, budgetary, and economic challenges as a result of their aging populations. Therefore, EU members will be forced to rethink their public pension programs and move away from traditional pay-as-you-go (PAYGO) pension models to new systems based on savings and investment.
- Topic:
- Human Welfare
- Political Geography:
- Europe