Economics at your fingertips  

Soziale und regionale Ungleichgewichte, politische Instabilitaet und die Notwendigkeit von Pensionsreformen im neuen Europa

Arno Tausch ()

MPRA Paper from University Library of Munich, Germany

Abstract: If Europe wants to fulfill it’s Lisbon agenda of catching up with the United States, it must overhaul its pension systems and introduce some form or other of private pension funds, which are a major force in financing technological advance in the capitalist world economy today. Our investigations clearly show that World Bank pension reforms are associated in a positive way with the rates of change of a country’s performance to the better. The time-series correlations for each country in the world system from 1980 onwards with economic growth (World Bank data series), unemployment (ILO data series), and economic inequality (Univer-sity of Texas Inequality Project) are neatly explained by our explanatory variables; the direc-tion of the influence of pension reform on the three dependent variables each time indicating that pension reform is compatible with economic growth, full employment and the redistribution of incomes. The same positive effects are also at work in explaining economic growth, full employment and reductions of unemployment over time in Europe’s over 300 different regions. The Euro-pean regions, whose countries realized a three-pillar pension model, developed more rapidly and had – ceteris paribus – a better employment record than the non-reformers. Persistent non-reform, as the German example especially dramatically shows, can lead to a circulus vi-ciosus of stagnation and unemployment under the conditions of globalization.

Keywords: European Union; social exclusion; pension reform (search for similar items in EconPapers)
JEL-codes: J32 H55 R11 F15 G23 F5 (search for similar items in EconPapers)
Date: 2004, Revised 2004
References: Add references at CitEc
Citations Track citations by RSS feed

Published in Schriftenreihe des Zentrums für europaeische Studien, University of Trier, FRG 56.2004(2004): pp. 1-227

Downloads: (external link) original version (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:

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Series data maintained by Joachim Winter ().

Page updated 2017-09-29
Handle: RePEc:pra:mprapa:475