Reforming pensions in Europe: a comparative country analysis

none2This contribution assesses the impact of the economic crisis on European pension systems and provides a comparative overview of the measures imposed on European pension systems, together with their effects. Focussing on eight countries (representative of different pension models) the study shows that these countries applied a similar two-step strategy in response to the crisis. After introducing anti-cyclical measures in the first years (2009-10), they all moved later (2010-12 and on) to austerity measures trying to improve the financial viability of pensions (e.g. revised indexation, an increase in the retirement age or a stricter link between contributions and benefits).openNatali David; Stamati FurioNatali David; Stamati Furi