The Problems and Prospects Faced by Pay-As-You-Go Pension Systems: A Case Study of Greece
Without further reforms, pay-as-you-go pension systems throughout most of continental Europe face unsustainable financial imbalances as their population ages. Though this paper describes the Greek pension system, which will face especially severe financial strains, it sheds light on the pension prob...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1999
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.215 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Without further reforms, pay-as-you-go pension systems throughout most of continental Europe face unsustainable financial imbalances as their population ages. Though this paper describes the Greek pension system, which will face especially severe financial strains, it sheds light on the pension problems of other continental European countries, as these countries' systems share many common features. The main focus of the paper is on the factors of the Greek pay-as-you-go system which result in its future unsustainability. Exacerbating the deteriorating demographics, the system is characterised by very generous pensions relative to contributions for the pre-1993 generation of workers, as well as other incentives/provisions to retire early. To highlight these facets, the study provides simulations of the generosity of different categories of individual pensions under different scenarios as well as projections of aggregate pension expenditures and revenues. It concludes with options ... |
| Beschreibung: | 1 Online-Ressource (63 p.) 21 x 29.7cm. |
| DOI: | 10.1787/286670310381 |
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| spelling | Mylonas, Paul VerfasserIn aut The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece Paul, Mylonas and Christine, de la Maisonneuve Paris OECD Publishing 1999 1 Online-Ressource (63 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.215 Without further reforms, pay-as-you-go pension systems throughout most of continental Europe face unsustainable financial imbalances as their population ages. Though this paper describes the Greek pension system, which will face especially severe financial strains, it sheds light on the pension problems of other continental European countries, as these countries' systems share many common features. The main focus of the paper is on the factors of the Greek pay-as-you-go system which result in its future unsustainability. Exacerbating the deteriorating demographics, the system is characterised by very generous pensions relative to contributions for the pre-1993 generation of workers, as well as other incentives/provisions to retire early. To highlight these facets, the study provides simulations of the generosity of different categories of individual pensions under different scenarios as well as projections of aggregate pension expenditures and revenues. It concludes with options ... Economics Greece de la Maisonneuve, Christine MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/286670310381 Volltext |
| spellingShingle | Mylonas, Paul The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece Economics Greece |
| title | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece |
| title_auth | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece |
| title_exact_search | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece |
| title_full | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece Paul, Mylonas and Christine, de la Maisonneuve |
| title_fullStr | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece Paul, Mylonas and Christine, de la Maisonneuve |
| title_full_unstemmed | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece Paul, Mylonas and Christine, de la Maisonneuve |
| title_short | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems |
| title_sort | problems and prospects faced by pay as you go pension systems a case study of greece |
| title_sub | A Case Study of Greece |
| topic | Economics Greece |
| topic_facet | Economics Greece |
| url | https://doi.org/10.1787/286670310381 |
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