The Future of Pension Plans in the EU Internal Market: Coping with Trade-Offs Between Social Rights and Capital Markets

by Nazaré da Costa Cabral, Nuno Cunha Rodrigues

Overview

This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes.
The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called ‘European Pillar of Social Rights’ – calling for a new approach to social policy at the European level in response to common challenges, such as ageing and the digital revolution.
This interdisciplinary work embraces economic, financial and legal perspectives, while focusing on previously selected coherence aspects in order to ensure that the analyses are comprehensive and globally consistent.

Product Details

ISBN-13:	9783030294960
Publisher:	Springer International Publishing
Publication date:	11/27/2019
Series:	Financial and Monetary Policy Studies , #48
Edition description:	1st ed. 2019
Pages:	349
Product dimensions:	6.10(w) x 9.25(h) x (d)

About the Author

Nazaré da Costa Cabral is Associate Professor in tenure, in Lisbon School of Law - University of Lisbon. In 2019, she was appointed as Chair of the Senior Board of the Portuguese Public Finance Council. Nazaré is principal researcher of the Center for European, Economic, Fiscal and Tax Law Research (CIDEEFF) of Lisbon School of Law (Group IV on ‘Crises, Public Policies, Fiscal Policy and the Euro’). She is author of several books, articles and working papers, and her research areas are mainly on Public Finances, Economic and Monetary Union, and Social Security.

Nuno Cunha Rodrigues is a professor at the Faculty of Law, University of Lisbon, Portugal. He earned his PhD in legal and economic sciences, his master’s degree and completed his graduation in law from the Faculty of Law, University of Lisbon. He is also Vice President of the European Institute and a member of the Board of the IDEFF. He has published several articles and books, namely in his area of expertise which lies with EU law, economic law, competition law, public procurement and public finance. He joined the research group on globalization, economic integration and development: European and Lusophone perspectives and the group on crisis, public policies, taxation policies and the Euro. He holds a Jean Monnet Chair, granted by the European Commission, since 2018.

Table of Contents

Introduction.- Part I.- Pay-as-you-go Versus Funded Pension Plans: Which Way to Better Address Common Challenges in the EU?.- Old-Age Pension Systems: Characterization and Comparability.- What’s New in the Debate About Pay-as-you-go Versus Funded Pensions?.- The Role of the Government in Creating or Enhancing the Access to Funded or Unfunded Pensions in the Modern Welfare State.- The Coverage of Occupational and Personal Pension Plans.- Sustainability and Adequacy of Pension Systems Across the OECD: Shocks, Robustness and Policies.- Part II.- The Capital Markets Union (CMU) and the Future of Pension Plans: Opportunities, Risks and Drawbacks.- The Capital Markets Union: Saving for Retirement and Investing for Growth.- Sustainable Pensions for European Citizens: How to Close the Gap?.- Welfare Gains from a Capital Market Union with Capital-Funded Pensions.- SeLFIES for Portugal: An Innovative Pan European Retirement Solution.- The Pan-European Pension Product and the Capital Markets Union: A Way to Enhance and Complete the Economic and Monetary Union?.- The Final PEPP or How to Kill an Important EU Commission Proposal.- Deepening Financialization Within the EU: Consequences for Pension Regimes.- Part III.- Pension Plans and the European Pillar of Social Rights: A New Scope for the EU Social Policy?.- Pensions at a Crossroad Between Social Rights and Financial Markets: Which Way to Be Chosen?.- From Paris to Lisbon: The Ever-Changing European Social Policy Landscape.- Pension Reforms After the Crisis: Bringing Adequacy Back in the Domestic and EU Policy Equation?.- How to Best Address Pension Adequacy and Financial Sustainability in the Context of Population Ageing: The Labour Market as a Key Determinant.- Pensions in the Fluid EU Society: Challenges for (Migrant) Workers.