TY  - BOOK
AU  - Uebelmesser,Silke
TI  - Unfunded pension systems: ageing and migration 
SN  - 0444517324
U1  - 331.252 
PY  - 2004///
CY  - Amsterdam, London
PB  - Elsevier
KW  - Pensions
KW  - Emigration and immigration
KW  - Demographic transition
KW  - Politics & government ; Welfare & benefit systems
KW  - BUSINESS & ECONOMICS -- Personal Finance -- Retirement Planning.
N1  - Includes bibliographical references and index
N2  - Pension systems in most industrialised countries are unfunded, i.e. they are pay-as-you-go financed and thus depend on a well-balanced ratio (old) recipients to (young) contributors. This so-called dependency ratio will worsen significantly in the next few decades due to two developments: ageing of the population and increased labour mobility.This book analyses the viability of unfunded pension systems in the presence of the projected demographic evolution. The analysis focuses on questions concerning a) efficiency considerations and the possibility of welfare improvements; b) political economy aspects and the feasibility of reforms; c) the process of European integration and its influence on national pension systems. The theoretical analysis is complemented in numerous ways by quantitative parts and institutional details.
ER  -