Adequacy of Public Pension Systems

Rosado-Cebrián, Beatriz; Peris‐Ortiz, Marta; Rueda‐Armengot, Carlos

doi:10.1007/978-3-030-37912-4_8

Cited by 2 publications

(1 citation statement)

References 20 publications

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“…In 2021, the EU27 average was 15.7%, and Romania was above this, with an average at-risk-of-poverty rate for pensioners of both sexes of 20.1%, an increase of 7. 6 However, the indicator treats poverty as a relative concept and not as an absolute one. By decreasing or increasing national disposable income, the reference threshold falls or rises (it is set at 60% of the national equivalent disposable income) and thus the relative position of pensions to this threshold changes.…”

Section: Pension Adequacy In the Romanian Pension Systemmentioning

confidence: 99%

The performance of the Romanian pension system from the perspective of sustainability, adequacy and equity

Mladen

2023

JEDEP

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Ensuring financial security in old age is an important goal of all contemporary societies. Public pension systems have become a foundation of income security for the elderly in most countries, being one of the main pillars of the welfare state. An effective pension system is one that manages to achieve its objectives, namely combating poverty among the elderly and maintaining a decent standard of living in old age, under the conditions of ensuring intra- and intergenerational equity. In the context of an aging population, the major challenge for our societies is to ensure an adequate income for the elderly without putting excessive pressure on the younger generations. The aim of the paper is to achieve a multidimensional analysis of the performance of the pension system in Romania from the perspective of sustainability, adequacy and equity.

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Section: Pension Adequacy In the Romanian Pension Systemmentioning

confidence: 99%

The performance of the Romanian pension system from the perspective of sustainability, adequacy and equity

Mladen

2023

JEDEP

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How to Assess the Adequacy of Pension Benefits? The Case of Argentina

Durán,

Geri,

González

2021

Reforma y Democracia

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This paper aims to determine what conditions must the old-age transfers granted by the pension system meet to be considered adequate and presents indicators capable of quantifying this dimension of the pension performance. To this end, it is first analyzed what is meant by adequacy of the pension assets, summarizing two of its main requirements: 1) consumption smoothing and 2) prevention of poverty in adulthood. Regarding the first requirement, replacement rates are studied in their role as suitable indicators to evaluate consumption smoothing and the value of different variants of them in the case of the Argentine pension system is computed. Regarding the second condition, the ways of measuring poverty in people aged 60 and over are examined in depth. Finally, the magnitude of a minimum benefit for the elderly to have access to a basic food basket in Argentina is determined.

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Adequacy of Public Pension Systems

Cited by 2 publications

References 20 publications

The performance of the Romanian pension system from the perspective of sustainability, adequacy and equity

The performance of the Romanian pension system from the perspective of sustainability, adequacy and equity

How to Assess the Adequacy of Pension Benefits? The Case of Argentina

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