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Published on Monday, October 9, 2017 | Updated on Monday, October 9, 2017

Pensions, economic growth and welfare in advanced economies

In this presentation we analyse the effects of pension systems on growth and welfare, seeking an efficient balance between contributiveness, distortions, incentives, and equality and insurance against risks. PAYG systems should remain a fundamental part of the welfare state, using notional accounts and minimum pensions to reduce inequality and the risk of social exclusion.