Pension Schemes in the European Union: Challenges and Implications From Macroeconomic and Financial Stability Perspectives

51 Pages Posted: 31 Jul 2020

See all articles by Antonio Sánchez Serrano

Antonio Sánchez Serrano

European Systemic Risk Board

Tuomas Peltonen

European Systemic Risk Board

Multiple version iconThere are 2 versions of this paper

Date Written: July 2020

Abstract

Pension schemes have a significant influence on the saving and consumption decisions of households. Similarly, contributions to pension arrangements are substantial expenditures for national governments and also for corporations, depending on the prevailing pension system. Beyond this, pension schemes play an important role in the economy, channelling savings into investments through capital markets

Suggested Citation

Sánchez Serrano, Antonio and Peltonen, Tuomas, Pension Schemes in the European Union: Challenges and Implications From Macroeconomic and Financial Stability Perspectives (July 2020). ESRB Occasional Paper Series No. 2020/17, Available at SSRN: https://ssrn.com/abstract=3664794

Antonio Sánchez Serrano (Contact Author)

European Systemic Risk Board ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Tuomas Peltonen

European Systemic Risk Board ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

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