Pensions in the European Union: Adapting to Economic and Social Change: Adapting to Economic and Social Change / Edition 1

Hardcover (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $38.00
Usually ships in 1-2 business days
(Save 79%)
Other sellers (Hardcover)
  • All (7) from $38.00   
  • New (5) from $98.68   
  • Used (2) from $38.00   

More About This Textbook


The ageing, financial and labour market challenges facing the old age pension systems of the member states of the European Union are well known. Those who cast doubt on the ability of the present system of pension provision - at least to the extent that it is pay-as-you-go financed - to cope with the problems posed by these challenges are getting more vociferous. Increasingly there are calls for pay-as-you-go systems to be cut back and for funded systems to be expanded.
This book contests the view that funding is the answer. It shows how adaptable the largely pay-as-you-go old age pension systems in the European Union are. Actuaries, economists, lawyers, political scientists, pension advisers, and sociologists, from nine European countries and the United States, consider four main themes: population ageing, competitiveness and retirement; pension financing and economic growth; adapting pension systems to meet change; and decision-making processes. They argue that pay-as-you-go-financed old age pension systems in the European Union have the ability to successfully adapt to economic and social change provided they do not take on too many non-insurance-related risks. Solving the problems of the labour market and controlling the direction and extent of economic development are beyond the powers of old age pension systems, regardless of how they are structured or financed.
Separate budgets for separate risks is an indispensable principle if the complex processes of social protection are to be successfully managed, monitored, and made transparent. There can be no single plan for the future development of old age pension systems which would be universally valid for all the countries of the European Union. A single solution cannot take into account the special circumstances obtaining in every nation, and since respect for the special features of national systems is the basis of popular acceptance, the way forward is to reform existing systems in existing contexts.

Read More Show Less

Product Details

  • ISBN-13: 9780792378389
  • Publisher: Springer US
  • Publication date: 6/20/2000
  • Edition description: 2000
  • Edition number: 1
  • Pages: 216
  • Product dimensions: 0.63 (w) x 6.14 (h) x 9.21 (d)

Table of Contents

Contributors. Acknowledgements. 1. Introduction; E. Reynaud. Part I: Population Ageing, Competitiveness and Retirement. 2. Demography, the Labour Market and Competitiveness; P. Concialdi. 3. Retirement Age: Public Policy and Employer Policies in Europe and the United States; L. apRoberts. Part II: Pension Financing and Economic Growth. 4. Pension Financing, the Substitution Effect and National Savings; G. Hughes. 5. The Effects of a Fully Funded Pension System on Individual Savings Behaviour; C. Öling. 6. The Control and Centralisation of Pension Fund Investment in the United Kingdom; R. Minns. 7. A Political Economy Approach to Pension Financing; F.R. Pizzuti. Part III: Adapting Pension Systems to Meet Change. 8. Equity Within and Between Generations: Pension Systems and Equity; B. Davies. 9. Contributions and Taxes for Financing Public Pension Expenditure: Looking for an Adequate Structure of Finance; W. Schmähl. 10. Personal Pensions in the UK, the Mis-selling Scandal and the Lessons to be Learnt; S. Ward. 11. The New Swedish Pension System; E. Wadensjö. Part IV: Pensions and Social Partnership. 12. The Decision-Making Process in the German Pension System; H.-D. Steinmeyer. 13. Supplementary Pension Plans and Collectively Agreed Schemes; J.-A. Schneider. 14. The Impact of Industrial Relations on the Structure of Supplementary Pensions in Scandinavia; E. Overbye. Part V: Conclusions. 15. Pay-As-You-Go Versus Capital Funding: Towards a More Balanced View in Pension Policy &endash; Some Concluding Remarks; W. Schmähl. Index.
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)