Book Details
Format
Hardback or Cased Book
Book Series
Sozialoekonomische Schriften
ISBN-10
3631602731
ISBN-13
9783631602737
Edition
New
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Nov 3rd, 2011
Print length
300 Pages
Weight
536 grams
Dimensions
15.60 x 21.70 x 2.30 cms
Product Classification:
Political economyWelfare economicsEconomic systems & structuresFinance & accounting
Ksh 11,350.00
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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. This title addresses two issues.
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.
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