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European Economic, Employment and Social Policy

Public and private pensions: lessons from the crisis

Agnes Streissler (Austrian economist and owner of an economic policy consultancy)

Publication date : 2009

Number of pages : 6

Author(s) :

Agnes Streissler (Austrian economist and owner of an economic policy consultancy)

This Policy Brief considers the lessons to be drawn from the crisis for both public and private pensions in Europe. The author, Agnes Streissler, points out that both pay-as-you-go and funded systems are dependent on economic growth and are under pressure because of demographic changes. At the same time, private systems are considerably more risky in terms of the entitlements of successive cohorts leaving the labour market.

Collection: 6/2009
ETUI, Brussels, ISSN 2031-8782 (pdf)

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