European Pension System: Bismarck or Beveridge?

J. Ignacio Conde-Ruiz and Clara Gonzalez

No 2018-01, Working Papers from FEDEA

Abstract: The aging process faced by the countries of the European Union is leading them to introduce reforms in their public pension systems. One way to interpret these reforms is to think about them as changes in the intergenerational pact to make the system sustainable over time. In addition to intergenerational redistribution, pay-as-you-go pension systems allow intragenerational redistribution. Taking into account this dimension, we can distinguish between contributory (or Bismarckian) pay-as-you-go systems and pure redistributive pension systems (or Beveridge). This article analyzes the origin of these systems and the differences between European pension systems according to this characteristic. In the final part, we reflect on the future model of pensions in the European Union.

Date: 2018-01
New Economics Papers: this item is included in nep-age and nep-his
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://documentos.fedea.net/pubs/dt/2018/dt2018-01.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fda:fdaddt:2018-01

Access Statistics for this paper

More papers in Working Papers from FEDEA
Bibliographic data for series maintained by Carmen Arias (infpub@fedea.es).