EUROPE - A gradual 100% shift to a funded European pension system is essential, according to economists in the Directorate-General for Economic and Financial Affairs (ECFIN) of the European Commission.
Pay-As-You-Go (PAYG) pensions can ultimately only continue to operate in an environment of growing populations, say Kieran McMorrow and Werner Roeger, in new research titled ‘EU Pension Reform - An...
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