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Book Cover
Author Kasek, Leszek.

Title Sustainability of pension systems in the new EU member states and Croatia : coping with aging challenges and fiscal pressures / Leszek Kąsek, Thomas Laursen, Emilia Skrok
Published Washington, D.C. : World Bank, [2008]
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Description 1 online resource (v, 40 pages) : illustrations
Series World Bank working paper, 1726-5878 ; no. 129
World Bank working paper ; no. 129
Contents Acknowledgments; 1. Overview of Current Pension Systems; Table 1. Retirement Ages in the EU10+1 in 2007; Table 2. Structure of Pension Systems in the EU10+1 Countries; Table 3. Basic Characteristics of Mixed Old-age Pension Systems; Figure 1. Pension Expenditure in 1996-2004, percent of GDP; Figure 2. Breakdown of Pension Expenditure in 2004, percent of GDP; Figure 3. Employment Rate of Older Workers (ages 55-64); Figure 4. Average Exit Age from the Labor Force Weighted by the Probability of Withdrawal from the Labor Market
Summary This study finds that pension reforms in recent years have improved the efficiency and sustainability of pension systems in the new member states of the European Union and Croatia. However, for many countries, these probably have not gone far enough to ensure long-term sustainability, given the aging of the population. Reforms have included changes to Pay-As-You-Go (PAYG) systems, including increases in retirement ages (not at least for women), new benefit formulas, and new indexation mechanism. Some countries (Latvia and Poland) have further strengthened the link of contributions and benefits
Bibliography Includes bibliographical references (pages 39-40) and index
Notes Print version record
Subject Pensions -- Croatia.
Pensions -- European Union countries.
Form Electronic book
Author Laursen, Thomas.
Skrok, Emilia.
World Bank.
LC no. 2007041804
ISBN 0821373692
0821373706 (electronic bk.)
9780821373705 (electronic bk.)