Equity of Public Pension System

Robert Meneu-Gaya (), Borja Encinas-Goenechea () and Inmaculada Domínguez-Fabián ()
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Robert Meneu-Gaya: Universitat de València
Borja Encinas-Goenechea: University of Extremadura
Inmaculada Domínguez-Fabián: University of Extremadura

Chapter Chapter 7 in Economic Challenges of Pension Systems, 2020, pp 155-171 from Springer

Abstract: Abstract Fairness is an important feature of pension systems, but it is a wide concept with multiple sides. In this chapter, we try to distinguish some of them with the aim of using the terms in a proper manner. More specifically, we have observed at least five meanings for the notion of fairness when applying to a pension system: justice, equity, neutrality, solidarity and integrity. We explain each sense of fairness and other related concepts. We also provide, when possible, a way to measure each of them, with some figures for a selected European countries.

Keywords: Actuarial fairness; Equity; Actuarial neutrality; Solidarity; Integrity; Public pension (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-37912-4_7

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DOI: 10.1007/978-3-030-37912-4_7

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