The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece
Without further reforms, pay-as-you-go pension systems throughout most of continental Europe face unsustainable financial imbalances as their population ages. Though this paper describes the Greek pension system, which will face especially severe financial strains, it sheds light on the pension prob...
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| Sprache: | English |
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OECD Publishing
1999
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| Schriftenreihe: | OECD Economics Department Working Papers
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| 520 | |a Without further reforms, pay-as-you-go pension systems throughout most of continental Europe face unsustainable financial imbalances as their population ages. Though this paper describes the Greek pension system, which will face especially severe financial strains, it sheds light on the pension problems of other continental European countries, as these countries' systems share many common features. The main focus of the paper is on the factors of the Greek pay-as-you-go system which result in its future unsustainability. Exacerbating the deteriorating demographics, the system is characterised by very generous pensions relative to contributions for the pre-1993 generation of workers, as well as other incentives/provisions to retire early. To highlight these facets, the study provides simulations of the generosity of different categories of individual pensions under different scenarios as well as projections of aggregate pension expenditures and revenues. It concludes with options ... | ||
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| indexdate | 2025-01-03T09:03:48Z |
| institution | BVB |
| language | English |
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| spellingShingle | Mylonas, Paul The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece Economics Greece |
| title | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece |
| title_auth | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece |
| title_exact_search | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece |
| title_full | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece Paul Mylonas and Christine de la Maisonneuve |
| title_fullStr | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece Paul Mylonas and Christine de la Maisonneuve |
| title_full_unstemmed | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems A Case Study of Greece Paul Mylonas and Christine de la Maisonneuve |
| title_short | The Problems and Prospects Faced by Pay-As-You-Go Pension Systems |
| title_sort | the problems and prospects faced by pay as you go pension systems a case study of greece |
| title_sub | A Case Study of Greece |
| topic | Economics Greece |
| topic_facet | Economics Greece |
| url | https://doi.org/10.1787/286670310381 |
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