Description: This book analyses the viability of unfunded pension systems in the presence of the projected demographic evolution and looks at: efficiency considerations and the possibility of welfare improvements; political economy aspects and the feasibility of reforms; and the process of European integration and its influence on national pension systems.
Review Quotes: Explores the crisis that publicly provided unfunded pension systems in industrialized countries are facing due to population aging and labor mobility, paying special attention to EU memeber countires and particularly Germany.
Journal of Economic Literature, 2005.