{"product_id":"9781461370420","title":"Pensions in the European Union: Adapting to Economic and Social Change: Adapting to Economic and Social Change","description":"\u003ch1\u003ePensions in the European Union: Adapting to Economic and Social Change: Adapting to Economic and Social Change\u003c\/h1\u003e \u003ch2\u003eHughes, Gerard; Stewart, Jim\u003c\/h2\u003e \u003cp\u003eThe ageing, financial and labour market challenges facing the  old age pension systems of the member states of the European Union are  well known. Those who cast doubt on the ability of the present system  of pension provision - at least to the extent that it is  pay-as-you-go financed - to cope with the problems posed by  these challenges are getting more vociferous. Increasingly there are  calls for pay-as-you-go systems to be cut back and for funded systems  to be expanded. \u003cbr\u003e  This book contests the view that funding is the answer. It shows how  adaptable the largely pay-as-you-go old age pension systems in the  European Union are. Actuaries, economists, lawyers, political  scientists, pension advisers, and sociologists, from nine European  countries and the United States, consider four main themes: population  ageing, competitiveness and retirement; pension financing and economic  growth; adapting pension systems to meet change; and decision-making  processes. They argue that pay-as-you-go-financed old age pension  systems in the European Union have the ability to successfully adapt  to economic and social change provided they do not take on too many  non-insurance-related risks. Solving the problems of the labour market  and controlling the direction and extent of economic development are  beyond the powers of old age pension systems, regardless of how they  are structured or financed. \u003cbr\u003e  Separate budgets for separate risks is an indispensable principle if  the complex processes of social protection are to be successfully  managed, monitored, and made transparent. There can be no single plan  for the future development of old age pension systems which would be  universally valid for all the countries of the European Union. A  single solution cannot take into account the special circumstances  obtaining in every nation, and since respect for the special features  of national systems is the basis of popular acceptance, the way  forward is to reform existing systems in existing contexts.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-12-22\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003e ISBN-10: 9781461370420\u003c\/p\u003e \u003cp\u003eISBN-13: 9781461370420\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4615-4527-9\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 216\u003c\/p\u003e ","brand":"Springer","offers":[{"title":"Default Title","offer_id":44358692208780,"sku":"9781461370420","price":99.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781461370420.jpg?v=1755111859","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781461370420","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}