01856nam a2200289 a 4500 1/51316 051123s2005 lu u pdd 0 0gre 92-894-8869-7 1016-8060 (print) 1725-3187 (online) ECFIN//05-EN 33197 GR-PeUP eng ΚΕΤ Αλφαβητική σειρά Oksanen, Heikki. Actuarial neutrality across generations applied to public pensions under population ageing: effects on government finances and national saving / Oksanen Heikki Brussels ; Belgium : European Commission: Directorate-General for Economic and Financial Affairs, 2005 29 σ. ; 30 εκ. European Economy. Economic papers ; In welfare states, collective saving has declined to a persistently negative level, while reduced fertility and increasing longevity are leading to increasing pension liabilities. Actuarial neutrality across generations is presented as a benchmark for designing pension reforms to meet the challenges of population ageing. It is shown that this condition can be respected by a wide range of pension reforms, with very different consequences for public finance target setting. The rules for public pensions in national accounting are also discussed. Finally, the combined effects of population ageing and public pension rules on national saving are discussed. Economic Papers European Commission : Directorate-General for Economic and Financial Affairs. Economic papers July 2005, No 230 European Economy. Economic papers ; 230 INST UNIPILB KET 20090311 EEEP 230 EEEP 230 NOLOAN 23 1 http://ec.europa.eu/economy_finance/publications/publication_summary632_en.htm