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Fair Pensions and Population Ageing

Project description

An innovative view of retirement age

The ageing of the population is bringing about dramatic demographic changes and posing challenges for national pension policies. Recent reforms driven by financial considerations have been widely criticised as unfair. The EU-funded PenAgeing project will work on a detailed case study of equitable pension ages by providing policy makers with two kinds of tools that can facilitate structural adaptions in public policies. The project will use new data and up-to-date measures on population ageing, taking into consideration the changing characteristics of populations. Moreover, it will apply an innovative methodology that produces scenarios of equitable normal pension ages based on the details of a specific pension system and software that can immediately be updated every time the UN produces new data.

Objective

Demographic changes in survival rates and age structures require adaptions in public policies. This grant will produce a social benefit by providing policy makers with two kinds of tools that they will need to make these adaptions, fair normal pension ages and consistently up-to-date measures of population ageing that take the changing characteristics of populations into account. An important area of adaption is national pension policy. Recently changes in pension policies have been driven by financial considerations and have aroused a great deal of dissent. One reason for the unhappiness with proposed pension reforms is that they place the burden of reform inequitably. People generally dislike inequitable policies. In this grant, we will produce a detailed case study of equitable pension ages. In the ReAgeing project we dealt with fairness in a very general framework. In this grant, we present an innovative methodology that produces scenarios of equitable normal pension ages using the details of a specific pension system. This grant shows how fairness can enter public policy discussions of ageing.
In the future, new problems with respect to population ageing could arise and new data will certainly become available. In the ReAgeing grant, we produced many new measures of population ageing that took the changing characteristics of populations, such as remaining life expectancy and health into account. Our presentations were based on data that were available at the time of writing. In order for the results of the ReAgeing grant to remain relevant requires a second innovation, a way to keep the new measures of population ageing up-to-date. We do this with two pieces of software that can immediately be updated every time the UN produces a new round of data. We cannot predict exactly how demographic conditions will change. With these pieces of software, we can be sure that we will have the tools to deal with them.

Fields of science (EuroSciVoc)

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Programme(s)

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Topic(s)

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

ERC-POC - Proof of Concept Grant

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) ERC-2020-PoC

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Host institution

INTERNATIONALES INSTITUT FUER ANGEWANDTE SYSTEMANALYSE
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 150 000,00
Address
Schlossplatz 1
2361 Laxenburg
Austria

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Region
Ostösterreich Niederösterreich Wiener Umland/Südteil
Activity type
Research Organisations
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

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Beneficiaries (1)

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