2019
DOI: 10.1080/21699763.2019.1593878
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Pensions across generations: scenarios for the Maltese Islands

Abstract: This paper tests whether in a PAYG system there is an inter-generational balance between the contributions made during the working-career and the pension benefit received in retirement; covering different cohorts. The analysis takes Malta as a case study. Though the dependency ratio is comparatively low, the population is rapidly ageing. The results show that there is a generational imbalance with the young cohort unlikely to be any better off than those who have already retired. This however is sensitive to t… Show more

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Cited by 2 publications
(1 citation statement)
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“…Like other developed countries, Malta"s population is ageing rapidly, primarily because of decreased fertility and increases in longevity. The likely possibility is a generational imbalance, with the young cohort unlikely to be better off than those already retired (Vella & von Brockdorff, 2019). This is, however, conditional on the ability to sustain wage growth in the long term.…”
Section: Ageing Populationmentioning
confidence: 99%
“…Like other developed countries, Malta"s population is ageing rapidly, primarily because of decreased fertility and increases in longevity. The likely possibility is a generational imbalance, with the young cohort unlikely to be better off than those already retired (Vella & von Brockdorff, 2019). This is, however, conditional on the ability to sustain wage growth in the long term.…”
Section: Ageing Populationmentioning
confidence: 99%