Reforming Pensions in Europe: Evolution of Pension Financing and Sources of Reti

Reforming Pensions in EuropeEvolution of Pension Financing and Sources of Retirement Income\nAuthor(s): Gerard Hughes, Jim Stewart\nFormat: Hardback\nPublisher: Edward Elgar Publishing Ltd, United Kingdom\nImprint: Edward Elgar Publishing Ltd\nISBN-13: 9781843765226, 978-1843765226\nSynopsis\nSince the early 1990s the countries of the European Union and Central and Eastern Europe have been involved in the process of reforming their retirement income systems. The principal objective of these reforms is to contain the cost of pay-as-you-go public pensions in the face of ageing populations. Many of the reforms involve greater reliance on personal saving and the development of capital markets to fund private pension arrangements. The distinguished contributors from Europe and the United States demonstrate the complexity of pension provision and reform, and highlight the dangers of focusing on one particular model. They consider critical issues and debates about how to finance pensions, p.