The impact of ageing population on pay-as-you-go pension systems: The case of Luxembourg
Guigou, Jean-Daniel; Lovat, Bruno; Schiltz, Jang;
Subject: : Economic systems & public economics [B14] [Business & economic sciences] | : Systèmes économiques & économie publique [B14] [Sciences économiques & de gestion]
Financing of the Luxembourg pension system is based on a pay-as-you-go system and hence on an intergenerational contract.
As is the case for most other European countries, this system will be exposed to the effects of demographic aging over the coming decades.
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