Adequacy of Pension Systems in Europe: An analysis based on comprehensive replacement rates
The aim of this paper is to develop indicators to highlight the ability of different national pension systems to enable individuals to maintain their living standards at retirement. Authors Margherita Borella and Elsa Fornero of the University of Turin and CeRP, perform the analysis using data and projections on different European countries and propose the use of a ‘COmprehensive Replacement’ (CORE) rate. Their aim is to compute, for a set of countries representative of the different European welfare and pension systems, both an actual (data-based) version of CORE, based on ECHP data, and to project its evolution into the future.
The paper is organised as follows. Section 1 provides a theoretical framework as well as a review of the literature on the topic. Section 2 contains the computation of replacement rates based on ECHP data. In Section 3 CeRPSAM projections are used to compute COREs over time. Section 4 concludes.
| Attachment | Size | Hits | Last download |
|---|---|---|---|
| 1837.pdf | 302.53 KB | 374 | 1 day 11 hours ago |
The aim of this paper is to develop indicators to highlight the ability of different national pension systems to enable individuals to maintain their living standards at retirement. Authors Margherita Borella and Elsa Fornero of the University of Turin and CeRP, perform the analysis using data and projections on different European countries and propose the use of a ‘COmprehensive Replacement’ (CORE) rate. Their aim is to compute, for a set of countries representative of the different European welfare and pension systems, both an actual (data-based) version of CORE, based on ECHP data, and to project its evolution into the future.
The paper is organised as follows. Section 1 provides a theoretical framework as well as a review of the literature on the topic. Section 2 contains the computation of replacement rates based on ECHP data. In Section 3 CeRPSAM projections are used to compute COREs over time. Section 4 concludes.
978-92-9079-879-8-en-1659
[list_price] => 0.00000 [cost] => 0.00000 [sell_price] => 12.00000 [weight] => 300 [weight_units] => g [length] => 0 [width] => 0 [height] => 0 [length_units] => cm [pkg_qty] => 1 [default_qty] => 1 [unique_hash] => 6749a11ad58f33001e9d8ecc870c0eb0 [ordering] => 0 [shippable] => 1 [tags] => Array ( ) [path] => book/adequacy-pension-systems-europe-analysis-based-comprehensive-replacement-rates [field_book_isbn] => Array ( [0] => Array ( [value] => 978-92-9079-879-8 [safe] => 978-92-9079-879-8 ) ) [field_price] => Array ( [0] => Array ( [value] => 12 ) ) [field_book_series] => Array ( [0] => Array ( [value] => 101 [safe] => 101 ) ) [field_book_number] => Array ( [0] => Array ( [value] => 68 [safe] => 68 [view] => 68 ) ) [field_book_short_title] => Array ( [0] => Array ( [value] => [safe] => [view] => ) ) [field_book_author_external] => Array ( [0] => Array ( [value] => Margherita Borella and Elsa Fornero [safe] => Margherita Borella and Elsa Fornero ) ) [field_book_old_path] => Array ( [0] => Array ( [value] => 1837 [safe] => 1837 ) ) [field_book_downloads] => Array ( [0] => Array ( [value] => 276 [safe] => 276 ) ) [field_book_pages] => Array ( [0] => Array ( [value] => 56 [view] => 56 ) ) [field_book_price_pdf] => Array ( [0] => Array ( [value] => 0.00 ) ) [field_book_published] => Array ( [0] => Array ( [value] => 2009-04-28 00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => datetime ) ) [field_book_publication_date] => Array ( [0] => Array ( [value] => 2009-04-28T00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => date [view] => 28 April 2009 ) ) [field_book_author] => Array ( [0] => Array ( [nid] => [view] => ) ) [field_image_cache] => Array ( [0] => ) [field_type] => Array ( [0] => Array ( [value] => BOOK [format] => [safe] =>BOOK
[view] => Printed book ) [1] => Array ( [value] => [format] => [safe] => [view] => ) [2] => Array ( [value] => [format] => [safe] => [view] => ) ) [print_display] => 1 [print_display_comment] => 0 [print_display_urllist] => 1 [signup] => 0 [uc_order_product_id] => [0] => [taxonomy] => Array ( [taxonomy_term_38] => Array ( [title] => Social welfare policies [href] => taxonomy/term/38 [attributes] => Array ( [rel] => tag [title] => ) ) [taxonomy_term_101] => Array ( [title] => ENEPRI Research Reports [href] => catalog/101 [attributes] => Array ( [rel] => tag [title] => Produced by the European Network of Economic Policy Research Institutes, which is composed of leading socio-economic research institutes from throughout the EU and managed by CEPS, this series presents the findings and conclusions of research undertaken in the context of ENEPRI research projects. ) ) ) [files] => Array ( [1789] => stdClass Object ( [fid] => 1789 [uid] => 1 [filename] => 1837.pdf [filepath] => files/book/1837.pdf [filemime] => application/pdf [filesize] => 309792 [status] => 1 [timestamp] => 2009-09-04 12:22:28 [nid] => 1659 [vid] => 1659 [description] => 1837.pdf [list] => 1 [weight] => 0 ) ) [flatrate] => Array ( ) [shipping_type] => small_package [shipping_address] => stdClass Object ( [first_name] => Radoslav [last_name] => Minkov [company] => CEPS [phone] => +32 2 2293951 [street1] => place du Congres 1 [street2] => [city] => Brussels [zone] => 94 [postal_code] => 1000 [country] => 56 ) [usps] => [weightquote] => Array ( ) [build_mode] => 0 [readmore] => 1 [content] =>The aim of this paper is to develop indicators to highlight the ability of different national pension systems to enable individuals to maintain their living standards at retirement. Authors Margherita Borella and Elsa Fornero of the University of Turin and CeRP, perform the analysis using data and projections on different European countries and propose the use of a ‘COmprehensive Replacement’ (CORE) rate. Their aim is to compute, for a set of countries representative of the different European welfare and pension systems, both an actual (data-based) version of CORE, based on ECHP data, and to project its evolution into the future.
The paper is organised as follows. Section 1 provides a theoretical framework as well as a review of the literature on the topic. Section 2 contains the computation of replacement rates based on ECHP data. In Section 3 CeRPSAM projections are used to compute COREs over time. Section 4 concludes.
| Attachment | Size | Hits | Last download |
|---|---|---|---|
| 1837.pdf | 302.53 KB | 374 | 1 day 11 hours ago |
The aim of this paper is to develop indicators to highlight the ability of different national pension systems to enable individuals to maintain their living standards at retirement. Authors Margherita Borella and Elsa Fornero of the University of Turin and CeRP, perform the analysis using data and projections on different European countries and propose the use of a ‘COmprehensive Replacement’ (CORE) rate. Their aim is to compute, for a set of countries representative of the different European welfare and pension systems, both an actual (data-based) version of CORE, based on ECHP data, and to project its evolution into the future.
The paper is organised as follows. Section 1 provides a theoretical framework as well as a review of the literature on the topic. Section 2 contains the computation of replacement rates based on ECHP data. In Section 3 CeRPSAM projections are used to compute COREs over time. Section 4 concludes.
978-92-9079-879-8-en-1659
[list_price] => 0.00000 [cost] => 0.00000 [sell_price] => 12.00000 [weight] => 300 [weight_units] => g [length] => 0 [width] => 0 [height] => 0 [length_units] => cm [pkg_qty] => 1 [default_qty] => 1 [unique_hash] => 6749a11ad58f33001e9d8ecc870c0eb0 [ordering] => 0 [shippable] => 1 [tags] => Array ( ) [path] => book/adequacy-pension-systems-europe-analysis-based-comprehensive-replacement-rates [field_book_isbn] => Array ( [0] => Array ( [value] => 978-92-9079-879-8 [safe] => 978-92-9079-879-8 ) ) [field_price] => Array ( [0] => Array ( [value] => 12 ) ) [field_book_series] => Array ( [0] => Array ( [value] => 101 [safe] => 101 ) ) [field_book_number] => Array ( [0] => Array ( [value] => 68 [safe] => 68 [view] => 68 ) ) [field_book_short_title] => Array ( [0] => Array ( [value] => [safe] => [view] => ) ) [field_book_author_external] => Array ( [0] => Array ( [value] => Margherita Borella and Elsa Fornero [safe] => Margherita Borella and Elsa Fornero ) ) [field_book_old_path] => Array ( [0] => Array ( [value] => 1837 [safe] => 1837 ) ) [field_book_downloads] => Array ( [0] => Array ( [value] => 276 [safe] => 276 ) ) [field_book_pages] => Array ( [0] => Array ( [value] => 56 [view] => 56 ) ) [field_book_price_pdf] => Array ( [0] => Array ( [value] => 0.00 ) ) [field_book_published] => Array ( [0] => Array ( [value] => 2009-04-28 00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => datetime ) ) [field_book_publication_date] => Array ( [0] => Array ( [value] => 2009-04-28T00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => date [view] => 28 April 2009 ) ) [field_book_author] => Array ( [0] => Array ( [nid] => [view] => ) ) [field_image_cache] => Array ( [0] => ) [field_type] => Array ( [0] => Array ( [value] => BOOK [format] => [safe] =>BOOK
[view] => Printed book ) [1] => Array ( [value] => [format] => [safe] => [view] => ) [2] => Array ( [value] => [format] => [safe] => [view] => ) ) [print_display] => 1 [print_display_comment] => 0 [print_display_urllist] => 1 [signup] => 0 [uc_order_product_id] => [0] => [taxonomy] => Array ( [38] => stdClass Object ( [tid] => 38 [vid] => 3 [name] => Social welfare policies [description] => [weight] => 10 ) [101] => stdClass Object ( [tid] => 101 [vid] => 4 [name] => ENEPRI Research Reports [description] => Produced by the European Network of Economic Policy Research Institutes, which is composed of leading socio-economic research institutes from throughout the EU and managed by CEPS, this series presents the findings and conclusions of research undertaken in the context of ENEPRI research projects. [weight] => 0 ) ) [files] => Array ( [1789] => stdClass Object ( [fid] => 1789 [uid] => 1 [filename] => 1837.pdf [filepath] => files/book/1837.pdf [filemime] => application/pdf [filesize] => 309792 [status] => 1 [timestamp] => 2009-09-04 12:22:28 [nid] => 1659 [vid] => 1659 [description] => 1837.pdf [list] => 1 [weight] => 0 ) ) [flatrate] => Array ( ) [shipping_type] => small_package [shipping_address] => stdClass Object ( [first_name] => Radoslav [last_name] => Minkov [company] => CEPS [phone] => +32 2 2293951 [street1] => place du Congres 1 [street2] => [city] => Brussels [zone] => 94 [postal_code] => 1000 [country] => 56 ) [usps] => [weightquote] => Array ( ) [build_mode] => 0 [readmore] => 1 [content] => Array ( [print_links] => Array ( [#weight] => -101 [#value] => [#title] => [#description] => [#printed] => 1 ) [display_price] => Array ( [#weight] => -10 [#access] => 1 [#value] =>BOOK
[#delta] => 0 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => [#children] => Printed book ) [1] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_type [#weight] => 1 [#theme] => text_formatter_default [#item] => Array ( [value] => [format] => [safe] => [#delta] => 1 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => ) [2] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_type [#weight] => 2 [#theme] => text_formatter_default [#item] => Array ( [value] => [format] => [safe] => [#delta] => 2 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => ) [#title] => [#description] => [#children] => Printed book [#printed] => 1 ) [#single] => 1 [#attributes] => Array ( ) [#required] => [#parents] => Array ( ) [#tree] => [#context] => full [#page] => 1 [#field_name] => field_type [#title] => type [#access] => 1 [#label_display] => inline [#teaser] => [#node] => stdClass Object *RECURSION* [#type] => content_field [#children] => Printed book [#printed] => 1 ) [#title] => [#description] => [#children] =>| Attachment | Size |
|---|---|
| 1837.pdf | 302.53 KB |
The aim of this paper is to develop indicators to highlight the ability of different national pension systems to enable individuals to maintain their living standards at retirement. Authors Margherita Borella and Elsa Fornero of the University of Turin and CeRP, perform the analysis using data and projections on different European countries and propose the use of a ‘COmprehensive Replacement’ (CORE) rate. Their aim is to compute, for a set of countries representative of the different European welfare and pension systems, both an actual (data-based) version of CORE, based on ECHP data, and to project its evolution into the future.
The paper is organised as follows. Section 1 provides a theoretical framework as well as a review of the literature on the topic. Section 2 contains the computation of replacement rates based on ECHP data. In Section 3 CeRPSAM projections are used to compute COREs over time. Section 4 concludes.
| Attachment | Size |
|---|---|
| 1837.pdf | 302.53 KB |
The aim of this paper is to develop indicators to highlight the ability of different national pension systems to enable individuals to maintain their living standards at retirement. Authors Margherita Borella and Elsa Fornero of the University of Turin and CeRP, perform the analysis using data and projections on different European countries and propose the use of a ‘COmprehensive Replacement’ (CORE) rate. Their aim is to compute, for a set of countries representative of the different European welfare and pension systems, both an actual (data-based) version of CORE, based on ECHP data, and to project its evolution into the future.
The paper is organised as follows. Section 1 provides a theoretical framework as well as a review of the literature on the topic. Section 2 contains the computation of replacement rates based on ECHP data. In Section 3 CeRPSAM projections are used to compute COREs over time. Section 4 concludes.
Related Publications
- NACHKRISENZEIT – Und was kommt jetzt?
- The Effect of the Financial Crisis on Systemic Trust
- Towards sustainable but still adequate pensions in the EU: Theory, trends and simulations
- How to make European pensions adequate and sustainable?
- Sustainable and Adequate Pensions: How far have we come?
- Measuring the Sustainability of Pension Systems through a Microsimulation Model: The Case of Italy
- What are the consequences of the AWG-projections for the adequacy of social security pensions?
- Measurement Issues for Adequacy Comparisons among Pension Systems
- Retirement Behaviour in Poland and the Potential Impact of Pension System Changes
- A Semi-Aggregate Model for Social Expenditure Projections