Private pensions for Europe

Open Access
Authors
Publication date 20-11-2011
Journal VOX : Research-based Policy Analysis and Commentary from leading Economists
Volume | Issue number 2011
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract There is a large variety of pension systems across EU members. This column argues for more private retirement saving as it is necessary to maintain old-age incomes and as it may also contribute to the stability of markets for government debt. But, it adds, governments should retain important responsibilities to prevent moral hazard due to intragenerational redistribution, to facilitate risk-sharing, and to minimise the agency issues due to financial illiteracy.

Document type Article
Note 20-11-2011
Language English
Published at http://www.voxeu.org/article/private-pensions-europe
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Private pensions for Europe (Final published version)
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