The reform of some European public pension systems: Spain, Italy and Sweden: A breakthrough

Abstract

European public pension systems were established as part of the welfare state in order to achieve a better distribution of wealth and equity among all the population. However, recent demographic changes, such as increased life expectancy and the ageing of the population, have questioned their viability. For this reason, their reform is necessary; in fact, some governments have already begun, whereas others have delayed, opting for complementary insurance systems such as pension plans, as these reforms can lead to major debates in society. This article aims to study the pension systems in three European countries: Spain, Italy and Sweden, and also the reforms that these countries have made or are trying to execute. Finally, we examine whether these proposals are able to solve the existing problems. © 2010 Macmillan Publishers Ltd.