We are happy to announce our second Policy Brief "Pension Policy in EU25 and its Possible Impact on Elderly Poverty", by Asghar Zaidi. This Policy Brief complements his first Policy Brief “Poverty of Elderly People in EU25”, as it reviews the most recent changes in pension policies in EU25 and provides a description of how these policy reforms might affect the risk of poverty for future pensioners. The analyses point to key policy responses necessary to meet the key social objectives of sustainability as well as adequacy of pensions in the European Union.
The author stipulates that the pension landscape in Europe is fast changing. In most countries, the pension reforms had been driven mainly by demographic pressures and fiscal sustainability concerns and the impact of these reforms on income adequacy and pensioner poverty have not always been given sufficient priority.
This research, supported by the European Commission under the Community Action Plan to Combat Social Exclusions, provides insights into how pension reforms may impact on retirement incomes and risk of poverty among future pensioners. One common trend is that the generosity of pension benefits drawn from the public pension systems is on the decline. Moreover, reforms have changed in most instances the nature of pension provision from defined-benefit type provision to defined-contribution type provision. In general, this type of change shifts more pension risks towards the generation of current working age individuals, and also results in a more restrictive possibilities of redistribution to lower income individuals. In turn, it is likely that more and more pensioners will fall back on the means-tested social assistance benefits (where available) or else experience poverty.
Policy-makers need to remember that pension arrangement were the result of the social consensus that poverty among the elderly must be eliminated, thus – if pension systems end up failing this main objective – it is very probable that they will be forced to unravel some of these reforms.
Annette Hexelschneider | alfa
Sibling differences: Later-borns choose less prestigious programs at university
14.11.2017 | Max-Planck-Institut für demografische Forschung
Visual intelligence is not the same as IQ
09.11.2017 | Vanderbilt University
On the way to an intelligent laboratory, physicists from Innsbruck and Vienna present an artificial agent that autonomously designs quantum experiments. In initial experiments, the system has independently (re)discovered experimental techniques that are nowadays standard in modern quantum optical laboratories. This shows how machines could play a more creative role in research in the future.
We carry smartphones in our pockets, the streets are dotted with semi-autonomous cars, but in the research laboratory experiments are still being designed by...
What enables electrons to be transferred swiftly, for example during photosynthesis? An interdisciplinary team of researchers has worked out the details of how...
For the first time, scientists have precisely measured the effective electrical charge of a single molecule in solution. This fundamental insight of an SNSF Professor could also pave the way for future medical diagnostics.
Electrical charge is one of the key properties that allows molecules to interact. Life itself depends on this phenomenon: many biological processes involve...
At the JEC World Composite Show in Paris in March 2018, the Fraunhofer Institute for Laser Technology ILT will be focusing on the latest trends and innovations in laser machining of composites. Among other things, researchers at the booth shared with the Aachen Center for Integrative Lightweight Production (AZL) will demonstrate how lasers can be used for joining, structuring, cutting and drilling composite materials.
No other industry has attracted as much public attention to composite materials as the automotive industry, which along with the aerospace industry is a driver...
Scientists at Tokyo Institute of Technology (Tokyo Tech) and Tohoku University have developed high-quality GFO epitaxial films and systematically investigated their ferroelectric and ferromagnetic properties. They also demonstrated the room-temperature magnetocapacitance effects of these GFO thin films.
Multiferroic materials show magnetically driven ferroelectricity. They are attracting increasing attention because of their fascinating properties such as...
08.01.2018 | Event News
11.12.2017 | Event News
08.12.2017 | Event News
19.01.2018 | Materials Sciences
19.01.2018 | Health and Medicine
19.01.2018 | Physics and Astronomy