Pension Reforms in Europe: How Far Have We Come and Gone?

Departmental Papers, September 10, 2021

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Pension Reforms in Europe: How Far Have We Come and Gone?

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Bibliographic details

• Authors: Armand P Fouejieu, Alvar Kangur, Mauricio Soto
• Published: September 10, 2021
• Series: Departmental Papers
• DOI: https://doi.org/10.5089/9781513593920.087

Authors and publication

• By Armand P Fouejieu, Alvar Kangur, Mauricio Soto
• September 10, 2021
• Departmental Papers 2021, 016 (2021)
• DOI: https://doi.org/10.5089/9781513593920.087
• Pages: 93
• Volume: 2021
• Issue: 016
• Series: Departmental Paper No 2021/016
• Stock No: PREHFWCGEA
• ISBN: 9781513593920
• ISSN: 2616-5333

Executive summary

• The paper assesses how reforms over the past few decades have changed the provision of retirement income by public pensions across Europe.
• It takes stock of current pension system characteristics and evaluates long-term implications for sustainability, fairness, and intergenerational equity.
• The authors introduce a novel metric—the Proportionality Measure—to evaluate the balance between lifetime benefits and contributions.

Proportionality Measure (novel metric)

• Designed to measure the balance between lifetime benefits and contributions.
• Used to examine pension systems’:
  • Long-term sustainability
  • Fairness
  • Intergenerational equity

Key themes and focus areas

• Aging
• Expenditure
• Fiscal policy
• Labor
• Pension reform
• Pension spending
• Pensions
• Political economy
• Population and demographics
• Retirement

Keywords (as listed)

• Aging, Europe, IMF library, intergenerational fairness, internal rate of return, lifetime benefit, pension adequacy, Pension and social policy, Pension reform, Pension spending, pension system, Pensions, poverty rate, Retirement, sustainability

Notable metadata extracted from the page

• Preview citation format (Chicago): Armand P Fouejieu, Alvar Kangur, and Mauricio Soto. "Pension Reforms in Europe: How Far Have We Come and Gone?", Departmental Papers 2021, 016 (2021), accessed 9/15/2026, https://doi.org/10.5089/9781513593920.087.

Source: https://www.imf.org/en/publications/departmental-papers-policy-papers/issues/2021/09/10/pension-reforms-in-europe-464651

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• Prehfwcgea
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