Economic Challenges of Pension Systems A Sustainability and Interna
This book examines the major economic challenges associated with the sustainability of public pensions, specifically demographic change, labor-market relations, and risk sharing. The issue of public pensions occupies the political and economic agendas of
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Challenges of Pension Systems A Sustainability and International Management Perspective
Economic Challenges of Pension Systems
Marta Peris-Ortiz • José Álvarez-García Inmaculada Domínguez-Fabián • Pierre Devolder Editors
Economic Challenges of Pension Systems A Sustainability and International Management Perspective
Editors Marta Peris-Ortiz Department of Business Organization Universitat Politècnica de València Valencia, Spain Inmaculada Domínguez-Fabián Financial Economics and Accounting University of Extremadura Cáceres, Spain
José Álvarez-García Department of Financial Economics and Accounting University of Extremadura Cáceres, Spain Pierre Devolder Institute of Statistics, Biostatistics and Actuarial Science (ISBA) Université Catholique de Louvain Louvain-la-Neuve, Belgium
ISBN 978-3-030-37911-7 ISBN 978-3-030-37912-4 https://doi.org/10.1007/978-3-030-37912-4
(eBook)
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Foreword
Pension systems face a series of challenges. The first, demographic change, is well known. Life expectancy is rising, and in many countries, fertility is declining. As a result, populations are ageing. Globally, about 1 in 10 people are over 60 years old today; by 2050, the figure will be 1 in 5. Much of this is good news – people are living longer healthy lives – but it also poses problems for financing pensions. Second, and less widely known, is the changing nature of labour-market relationships. More than in the past, people are not necessarily in full-time employment for the whole of their career; they have spells of full-time and part-time work and selfemployment and spells outside the labour force. That fluidity poses p
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