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Author Weddige, Olaf, 1975- Author.

Title Measuring Public Pension Liabilities in the European Union / Olaf Weddige.

Publication Info. Frankfurt a.M. : Peter Lang GmbH, Internationaler Verlag der Wissenschaften, [2018]


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Edition 1st, New ed.
Description 1 online resource.
Series Sozialökonomische Schriften ; 42
Thesis Doctoral Thesis.
Contents Demographic development in the European Union - Public pension liabilities - Accrued-to-date liabilities - Fiscal sustainability - Pay-as-you go - Open-system net liabilities - National accounting - Implicit pension debt - Generational accounting.
Summary Due to the demographic development, public pension systems in the European Union organized on a pay-as-you-go (PAYG) principle will be forced to either raise contribution rates or taxes, shorten future replacement rates, or enforce a combination of both. In this regard, two important issues have to be addressed: The first issue refers to the question of measuring the public pension liabilities of private households until today. The extent of these liabilities has an impact on the saving behaviour. The second issue refers to the consequences of the demographic development for future retirees and contributors and examines the sustainability of pension schemes by confronting the present value of future pension payments with the present value of future contributions.
Biography Olaf Weddige was born in Bremen in 1975. From 1999 to 2004, he studied economics at the University of Freiburg im Breisgau, where he achieved his diploma in 2004. From 2004 to 2009, he worked as a research assistant at the Research Center for Generational Contracts, University of Freiburg im Breisgau.
Note Online resource; title from title screen (viewed December 28, 2018).
GMD: electronic resource.
Subject Pensions -- European Union countries.
Pension trusts -- European Union countries.
Other Form: Print version: 9783631602737
Standard No. 9783631749760
10.3726/b13542 doi
ISBN 9783631749760 (electronic bk.)
3631749767 (electronic bk.)
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