Aaron Grech

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    Pension reforms since the financial crisis could have a serious impact on the future retirement incomes of young Europeans

Pension reforms since the financial crisis could have a serious impact on the future retirement incomes of young Europeans

What effect has the financial crisis had on pension systems in EU countries? Aaron Grech notes that prior to the crisis there was a significant divergence in pensions across the EU, with some states having relatively generous systems in comparison to others. He writes that following the crisis, southern European states have had to substantially cut back on pensions, […]

Introducing explicit pension age changes as in the UK is not the end of the line

In December, the UK government announced that in future state pension age will rise in line with longevity. Aaron George Grech outlines the thinking underpinning this policy innovation and compares it with other approaches used internationally to address rising longevity. He concludes that while many different complex ‘solutions’ have been devised, their effectiveness will depend on economic behaviour changing significantly. […]

January 9th, 2014|Aaron Grech|1 Comment|

Declining pension adequacy may result in increased poverty concerns in many EU countries

Since the 1990s, the public pensions landscape in the EU has changed drastically, with reforms changing both the nature of provision and the level of generosity. Aaron George Grech, looking at the changes made in ten EU countries, finds that systems’ effectiveness in alleviating poverty remains strong only in those countries where minimum pensions were improved. However, moves to link […]