Abstract:European old-age pension systems face multiple challenges. On the one hand, governments are concerned with the fiscal effects of ageing societies. On the other hand, there is a social pressure on maintaining standards of living during the retirement. Such tension is one of the most significant socioeconomic conflicts in modern politics. During last 25 years, policy makers tried to answer these challenges by pension reforms. In general, a trend towards reducing social rights can be distinguished, which is to a … Show more
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