Sign in to use this feature.

Years

Between: -

Subjects

remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline

Journals

Article Types

Countries / Regions

Search Results (2)

Search Parameters:
Keywords = implicit pension debt

Order results
Result details
Results per page
Select all
Export citation of selected articles as:
18 pages, 2256 KB  
Article
Public Pensions and Implicit Debt: An Investigation for EU Member States Using Ageing Working Group 2021 Projections
by Georgios Symeonidis, Platon Tinios and Michail Chouzouris
Risks 2021, 9(11), 190; https://doi.org/10.3390/risks9110190 - 26 Oct 2021
Cited by 3 | Viewed by 4523
Abstract
Ιmplicit pension debt is attracting increasing attention worldwide as a driver of fiscal dynamics, operating in parallel to the (explicit) National Debt. A prudent examination of a state’s fiscal prospects should ideally encompass both, with due attention paid to the special features of [...] Read more.
Ιmplicit pension debt is attracting increasing attention worldwide as a driver of fiscal dynamics, operating in parallel to the (explicit) National Debt. A prudent examination of a state’s fiscal prospects should ideally encompass both, with due attention paid to the special features of each kind of debt. The explosion of government deficits as a result of the COVID-19 pandemic only adds to the urgency of understanding the scale and nature of issues around accounting for contingent liabilities. The reports of the EU Ageing working group, produced and published every three years are used to derive estimates of the stock of outstanding implicit pension debt from flows of projected deficits. This can be performed for all European member states. This paper uses the last two rounds of the Ageing Report (2021, 2018) and derives conclusions on the evolution of pension debt and its correlation to the external debt. The paper concludes that producing comparable estimates of IPD should become an important input in EU policy discussion. Full article
(This article belongs to the Special Issue An Ageing Population, Retirement Planning, and Financial Insecurity)
Show Figures

Figure 1

16 pages, 680 KB  
Article
Social Security Individual Accounts in China: Toward Sustainability in Individual Account Financing
by Tianhong Chen and John A. Turner
Sustainability 2014, 6(8), 5049-5064; https://doi.org/10.3390/su6085049 - 7 Aug 2014
Cited by 7 | Viewed by 6955
Abstract
China has both mandatory and voluntary individual account pensions that are provided through the government. The experience of China makes a particularly interesting case study concerning the functioning of individual accounts in that its mandatory individual accounts have been defunded to pay for [...] Read more.
China has both mandatory and voluntary individual account pensions that are provided through the government. The experience of China makes a particularly interesting case study concerning the functioning of individual accounts in that its mandatory individual accounts have been defunded to pay for benefits in the associated pay-as-you-go system, while its voluntary individual accounts are fully funded. This paper examines three questions. First, it analyses why the mandatory individual accounts have become defunded and converted largely to notional accounts generally holding little in financial assets, while the voluntary accounts have been fully funded. Second, it examines the merits of funding versus pay-as-you-go financing of pensions in the context of China’s economic and demographic situation. Third, it discusses a policy change to insure the sustainability of financing for the defunded individual accounts. The experience of China, with its two types of individual accounts, and with different outcomes for those accounts, may provide lessons for other countries. Full article
(This article belongs to the Section Social Ecology and Sustainability)
Back to TopTop