000			01706cam a2200277 a 4500
008			040610s2004 ne a b 001 0 eng
020			_a0444517324
020			_a9780444517326
040			_aUKM _cUKM
082	0	4	_a331.252 _bUEB
100	1		_aUebelmesser, Silke.
245	1	0	_aUnfunded pension systems : _bageing and migration /
260			_aAmsterdam ; _aLondon : _bElsevier, _cc2004.
300			_axii, 271 p. :ill,
504			_aIncludes bibliographical references and index.
520			_aPension 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.
590			_arpm 22/09/16, ijb 19/03/2019
591			_aLoans
650		0	_aPensions.
650		0	_aEmigration and immigration.
650		0	_aDemographic transition.
650		0	_aPolitics & government ; Welfare & benefit systems.
650		0	_aBUSINESS & ECONOMICS -- Personal Finance -- Retirement Planning.
942			_2ddc _cBOOK
949			_a331.252 UEB
999			_c4917 _d4917