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Social Security Pension Reform in Europe

Social Security in the United States and in Europe is at a critical juncture. Through the essays assembled in Social Security Pension Reform in Europe, Martin Feldstein and Horst Siebert, along with a number of distinguished contributors, discuss the challenges facing Social Security reform in the aging societies of Europe. A remarkable range of European nations—Germany, France, Finland, the Netherlands, Poland, Romania, Italy, Sweden, the United Kingdom, and Hungary—have implemented or are about to implement mixed Social Security systems that combine a traditional defined benefit of the pay-as-you-go system with an individual retirement account defined contribution of a capital-funded system.

The essays here highlight the problems that the European pension reform process faces and how it differs from that of the United States. This timely volume will significantly enrich the debate on pension reform worldwide.

500 pages | 6 x 9 | © 2001

National Bureau of Economic Research Conference Report

Economics and Business: Economics--International and Comparative

Political Science: Public Policy

Table of Contents

An American Perspective: Martin Feldstein
A European Perspective: Horst Siebert
1. Pensions and Contemporary Socioeconomic Change
Assar Lindbeck
2. Different Approaches to Pension Reform from an Economic Point of View
Jonathan Gruber and David A. Wise
3. Labor Mobility, Redistribution, and Pension Reform in Europe
Alain Jousten and Pierre Pestieau
4. France: The Difficult Path to Consensual Reforms
Didier Blanchet and Florence Legros
Comment: Martine Durand
5. The German Pension System: Status Quo and Reform Options
Bert Rürup
Comment: Axel Börsch-Supan
6. Swedish Pension Reform: How Did It Evolve and What Does It Mean for the Future?
Edward Palmer
Comment: Laurence J. Kotlikoff
7. Italy: A Never-Ending Pension Reform
Daniele Franco
Comment: Franco Peracchi
8. Prefunding in a Defined Benefit Pension System: The Finnish Case
Jukka Lassila and Tarmo Valkonen
Comment: Reijo Vanne
9. Pension Reform: Issues in the Netherlands
Jeroen J. M. Kremers
Comment: A. Lans Bovenberg
10. The United Kingdom: Examining the Switch from Low Public Pensions to High-Cost Private Pensions
David Blake
Comment: Andrew A. Samwick
11. Poland: Security through Diversity
Jerzy Hausner
12. The Hungarian Pension Reform: A Preliminary Assessment of the First Years of Implementation
Roberto Rocha and Dimitri Vittas
13. Romanias Pension System: From Crisis to Reform
Georges de Menil and Eytan Sheshinski
14. Recent Developments in Old-Age Pension Systems: An International Overview
Klaus-Jurgen Gern
OECD Statistical and Analytical Information on Aging: Summary and Table of Contents
Author Index
Subject Index

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