The Inverting Pyramid: Pension Systems Facing Demographic Challenges in Europe and Central Asia

by Anita M. Schwarz, Omar S. Arias, Asta Zviniene, et al.

"Europe's pension systems -among the most celebrated features of its social welfare model- face tremendous challenges. With only 11 percent of the world's population, Europe spends about 60 percent of global outlays on social protection, largely in pensions. In many countries, pension rules have encouraged people to retire sooner, while enjoying longer lives. Payroll taxes on a continuously expanding contributory base have financed these benefits...

• Format: Paperback
• Language: English
• ISBN: 082139908X
• ISBN13: 9780821399088
• Release Date: February 2014
• Publisher: World Bank Publications
• Length: 300 Pages
• Weight: 1.35 lbs.
• Dimensions: 0.6" x 6.9" x 9.9"