Adequate and sustainable pensions – where is the balance between pay-as-you-go public pensions and capital pensions
In most countries of the European Union the population is ageing and there is a pressure on financing the current levels of pensions. Terms like “adequate” and “sustainable” are well perceived among politicians and researchers as long-term goals in pension security. The question is how to reach and preserve this state in the light of the macroeconomic and demographic trends.
The different decisions in pension security design are creating confusion among market players, beneficiaries and are increasing fragmentation, decreasing the pension product efficiency and erodes the trust. One solution of the problems is to adopt integrated approach. The report deals with analyzing these problems and seeking solutions for better saving for the households.
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