Boulhol, Hervé; Lüske, Marius - In: The future of pension plans in the EU internal market : …, (pp. 37-53). 2019
Recent history has shown that with tight public finances the costs associated with a transition from a PAYGO to a diversified pension system with funded and PAYGO components can be high. A number of countries backtracked on previously decided transitions, highlighting that the political risk of...