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Pension Reform in Britain [PDF]
This paper examines the evolution of the pension system in Britain. In particular, it focuses on the shift from pay-as-you-go, state-run defined-benefit pensions to individual, private-sector, funded defined-contribution accounts. It looks at three issues in this reform: the financing of the transition from pay-as-you-go to funded provision; the fiscal
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World Economics Journal, 2000
Are the present pension systems in Europe substainable? Can the pensions time bomb caused by demographic changes be defused? This study describes developments in Europe, but the theory, the problems and the solutions are similar for most developed nations in the rest of the world.
Jan Mantel, David Bowers
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Are the present pension systems in Europe substainable? Can the pensions time bomb caused by demographic changes be defused? This study describes developments in Europe, but the theory, the problems and the solutions are similar for most developed nations in the rest of the world.
Jan Mantel, David Bowers
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In typical pension systems, individuals are asked to make contributions and based on the number of contributions made and the level of those contributions, a pension is awarded. Contributions from workers generally finance these pensions. Since higher income individuals tend to make more frequent contributions due to a more stable work history and ...
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2012
This thesis aims at pension system reform. On the example of the Czech Republic it examines the current pension system and identifies its weaknesses. The paper investigates both theoretical concepts of reforming a pension system and their implementation.
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This thesis aims at pension system reform. On the example of the Czech Republic it examines the current pension system and identifies its weaknesses. The paper investigates both theoretical concepts of reforming a pension system and their implementation.
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Rapid population ageing has led to repeated adjustments to the parameters of Japan's public pension scheme over the last decade, all aimed at achieving long run financial balance. The most recent attempt, describe in this paper, introduces an adjustment mechanism that links future benefit levels to the underlying determinants of the scheme's finances ...
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