The Impact of Population Ageing and Demographic Changes in Pension Schemes in Europe
The Impact of Population Ageing and Demographic Changes in Pension Schemes in Europe

Author(s): Enkeleda Shehi
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Population ageing; Demographic changes; Pension schemes; Pension expenditures; Pension reforms; EU countries
Summary/Abstract: This paper examines how population ageing influences pension expenditures across European Union (EU) countries, drawing upon different statistical data. The ageing demographic, characterized by extended life expectancy and diminishing birth rates, presents challenges to the current pension systems. With projections indicating fewer contributors and more retirees in the future, pension expenses are expected to strain public finances and impact intergenerational equity. As ageing trends persist, adjustments in regulations, policy reforms, and diversified financial approaches become very important in order to uphold the adequacy and equity of pension systems. This research underscores the necessity for reforms aimed at ensuring the enduring sustainability of pension systems amidst these demographic shifts.

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