Recent pension reforms in Europe
More challenges, new directions. An overview
Bibliographic Data
| ID | 11196341 |
|---|---|
| Authors | Karl Hinrichs (0000-0002-4730-2626, University of Bremen, SOCIUM—Research Center on Inequality and Social Policy Bremen Germany, corresponding author) |
| Year | 2021 |
| Volume | 55 |
| Issue | 3 |
| Pages | 409-422 |
| Publication date | 2021-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Social Policy and Administration (JOURNAL) |
| Journal identifiers | ISSN: 0144-5596 • E-ISSN: 1467-9515 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/spol.12712 |
| OpenAlex | W3133209659 |
| Language | EN |
| Citations received | 34 |
| References cited | 61 |
During the last 30 years, all European Union member states have reformed their pension systems. In view of ongoing and intensifying population aging, efforts have aimed at containing the future rise of the contribution rate, improving the system dependency ratio, lowering the benefit ratio and/or infusing tax money or other financial resources into the system. Moreover, since about the early 2000s, we can observe a move towards a multi‐pillar pension system in countries hitherto running a dominant‐pillar system: private pre‐funded occupational pensions and individual provision for old age are given larger roles within the public–private mix of retirement income. An analysis of reforms shows a finite menu of adjustment options, and concrete measures have to be adapted to nation‐specific institutional contexts. Finally, we can conclude that pension reforms focusing on long‐term financial sustainability may increase the risk of old‐age poverty and, thus, violate a central objective of pension schemes
Birth rate · Business · Dependency ratio · Economic growth · Economic policy · Economics · European union · Labour economics · Old Age Security · Pension · Pension system · Pillar · Population · Population ageing · Poverty · Private pension · Public economics · Sustainability · Finance · Global Health Care Issues · Retirement, Disability, and Employment · Social Policy and Reform Studies
Who's Afraid of the Welfare State Now?
Welfare states as lifecycle redistribution machines
Can pension fund design increase pension savings? Evidence from a conjoint experiment in six European countries
Aging in aging societies
Changes in Private Pensions and Income Inequality in Retirement
Finland’s Flexible Partial Pension – A Bridge to Full-Time Retirement, a Pathway Out of Paid Employment, or an Income Supplement?
The moderating role of financial trust in retirement financial planning
Revalue, reintegrate and reempower seniors
The role of communication framing in boosting contributions in private pension schemes
Part-time work and health in late careers
The Effects of Pension Communication on Knowledge, Attitudes, and Behaviour
The impact of pensions on the income gap among the elderly
Caught in a Matrix of Factors
Do Social Pensions Affect the Physical and Mental Health of Rural Children in China? An Intergenerational Care Perspective
Determinants of Public Health Personnel Spending in Spain
A long arm of adversity? Financial hardship during the life course and income in retirement
A right to early retirement for conscripts
Shedding light on the hidden welfare state of private pensions
Don’t play if you can’t win’
Los efectos de los factores de riesgo psicosocial sobre la prolongación de la vida laboral
Varying effects of public pensions
Retrenchment without effect? Exploring the link between pension reforms and public pension adequacy of new retirees in seven European countries (1993–2020)
Why do academics fail to plan for retirement? Employers' and employees' views
A Proposal for Retirement Risk Measurement Based on Subjective Assessment of Income
How do OECD countries differ in population ageing and the situation of people aged 65 and older? Evidence using cluster analysis
Extending working lives
Pension reforms, the generational welfare contract and preferences for pro‐old welfare policies in Europe
Left partisan politics and pension privatisation at the crossroads of political legacy and contemporary politics (1980–2017)
Adequacy and Sustainability of Future Retirement Pensions in the Baltics
Between crisis and reform
Cohorts’ Working Life Expectancies and Working Years Lost in 21 European Countries
Addressing social risks of older people with care needs
Labour market exit routes in high- and low-educated older workers before and after social insurance and retirement policy reforms in Sweden
Public Pension Generosity and Old-Age Poverty in OECD countries
The Varieties of Pension Governance
Privatizing Pensions
Averting the old age crisis
Pensions at a Glance 2019
Pensions at a Glance 2017
The Politics of the New Welfare State
Labour Market Flexibility and Pension Reforms
New Century – New Paradigm
Sustainability and Transformation in European Social Policy
Old-Age Income Support in the 21st Century
Rethinking the Welfare State
The New Politics of the Welfare State
The Comparative Political Economy of Pension Reform
Pension Reform in Europe
Socio-Economic Inequalities in Life Expectancy and Health Expectancy at Age 50 and over in European Countries
Comparing state pension reforms in EU countries before and after 2008
International organizations as policy actors
Employment Histories and Pension Incomes in Europe
Exploring a blind spot in comparative pension reform research
Elephants on the move. Patterns of public pension reform in OECD countries
Policy instruments and welfare state reform
Shifts in the realized retirement age
Another look at causes and consequences of pension privatization reform reversals in Eastern Europe
When Is a Change Big Enough to Be a System Shift? Small System‐shifting Changes in German and Finnish Pension Policies
Extending working lives
Indications of Social Policy Convergence in Europe
When Past Reforms Open New Opportunities
Privileging Policy Change? Sustaining Automatic Stabilizing Mechanisms in Public Pensions
The consequences of non‐standard working and marital biographies for old age income in Europe
Trends in inequalities in premature mortality
The impact of the 2007‐2009 crisis on social security and private pension funds
Developing countries and systemic pension reforms
Global pension systems and their reform
Reassessing South European Pensions after the Crisis
Beyond Conditionality
Here to Stay? Reversals of Structural Reforms in Southern Europe as the Crisis Wanes
Reforming European pension systems for active ageing
The Financial Crisis and Varieties of Pension Privatization Reversals in Eastern Europe
Two Worlds of Pension Reform in Western Europe
The New Politics of the Welfare State
Paths and Forks or Chutes and Ladders
What Is Policy Convergence and What Causes It
Policy Paradigms, Social Learning, and the State
Reversing Early Retirement in Advanced Welfare EconomiesA Paradigm Shift to Overcome Push and Pull Factors
Reversing Early Retirement in GermanyA Longitudinal Analysis of the Effects of Recent Pension Reforms on the Timing of the Transition to Retirement and on Pension Incomes
Cumulative (Dis)advantage? The Impact of Labour Market Policies on Late Career Employment from a Life Course Perspective
| Unique citing works | 34 |
|---|---|
| Citations per year | 6,8 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 34 |