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Europeans are living longer, and fewer now remain in the labour
force as they grow older. Many European countries have responded to
the ensuing financial pressure by reforming their public pension
systems and health care programmes. There is considerable
uncertainty as to the effects of these reforms - as they typically
do not alter the unfunded nature of public welfare arrangements and
this uncertainty is itself costly. Not only does it undermine the
credibility of public welfare programmes, but it may also distort
labour supply behaviour, decisions regarding savings and capital
accumulation. More generally there is uncertainty about the overall
impact of ageing on welfare and society and the multiple domains in
which its effects may develop. Pensions: More Information, Less
Ideology builds on the existing evidence - mostly in the field of
public pensions - and highlights the advantages that would be
obtained by: harmonising methodologies used in the various
countries to report pension outlays and forecast future pension
liabilities or more generally public spending; defining common
standards as to the frequency of expenditure forecasts and the
length of the forecast horizons for welfare expenditures;
developing European longitudinal survey of persons pre- and post
retirement age, providing timely information on a wide array of
decisions by individuals and household related to the ageing
process and the ongoing trends.
Europeans are living longer, and fewer now remain in the labour
force as they grow older. Many European countries have responded to
the ensuing financial pressure by reforming their public pension
systems and health care programmes. There is considerable
uncertainty as to the effects of these reforms - as they typically
do not alter the unfunded nature of public welfare arrangements and
this uncertainty is itself costly. Not only does it undermine the
credibility of public welfare programmes, but it may also distort
labour supply behaviour, decisions regarding savings and capital
accumulation. More generally there is uncertainty about the overall
impact of ageing on welfare and society and the multiple domains in
which its effects may develop. Pensions: More Information, Less
Ideology builds on the existing evidence - mostly in the field of
public pensions - and highlights the advantages that would be
obtained by: harmonising methodologies used in the various
countries to report pension outlays and forecast future pension
liabilities or more generally public spending; defining common
standards as to the frequency of expenditure forecasts and the
length of the forecast horizons for welfare expenditures;
developing European longitudinal survey of persons pre- and post
retirement age, providing timely information on a wide array of
decisions by individuals and household related to the ageing
process and the ongoing trends.
When the overall economic pie is not growing, then how it is shared
out becomes more important. This book is a collection of empirical
and theoretical papers by a distinguished set of international
authors about the personal distribution of welfare and household
production. Comparisons of poverty, income inequality and income
capacity across countries in Europe and North America are the basis
of Part I. Three chapters introduce subjective (non-monetary)
approaches to the assessment of personal economic welfare. In Part
III new results about the measurement of inequality and poverty are
derived. Part V explores topics examining interactions between
personal welfare and the resources derived from one's household,
the labor market, and from the government through the tax and
benefit system. The book reflects the interests of, and is a
memorial to, the late Aldi Hagenaars.
When the overall economic pie is not growing, then how it is shared
out becomes more important. This book is a collection of empirical
and theoretical papers by a distinguished set of international
authors about the personal distribution of welfare and household
production. Comparisons of poverty, income inequality and income
capacity across countries in Europe and North America are the basis
of Part I. Three chapters introduce subjective (non-monetary)
approaches to the assessment of personal economic welfare. In Part
III new results about the measurement of inequality and poverty are
derived. Part V explores topics examining interactions between
personal welfare and the resources derived from one's household,
the labor market, and from the government through the tax and
benefit system. The book reflects the interests of, and is a
memorial to, the late Aldi Hagenaars.
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