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@article{ART002117546},
author={Jung, Changlyul and Kwon Hyeok Chang},
title={Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability},
journal={Korea Social Policy Review},
issn={1226-0525},
year={2016},
volume={23},
number={2},
pages={1-24},
doi={10.17000/kspr.23.2.201606.1}

TY - JOUR
AU - Jung, Changlyul
AU - Kwon Hyeok Chang
TI - Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability
JO - Korea Social Policy Review
PY - 2016
VL - 23
IS - 2
PB - Korean Association of Social Policy
SP - 1
EP - 24
SN - 1226-0525
AB - This paper examines whether the pension systems of the western countries which was traditionally classified into the Beveridgean and Bismarckian pension regime will converge after recent pension reforms in the financial sustainability and adequacy perspective by comparing between UK, Germany and Sweden. As a result of pension reforms for the last 20 years, the gap between the Beveridgean and Bismarckian pension regime will be likely to decrease and, in particular, the tendency to convergency in adequacy is found. Even though it is not jumped to a conclusion that public pension expenditure between the three countries is likely to converge, the tendency to convergency in financial sustainability is also found if the difference of demographic aging between countries is considered. The paper suggests that it is necessary to make agreement between the range of pension expenditure and replacement ratio that western countries suggest in pension debate in Korea, instead of hitherto useless controversy between financial sustainability and adequacy.
KW - financial sustainability;adequacy;convergency;pension expenditure;replacement ratio
DO - 10.17000/kspr.23.2.201606.1
ER -

Jung, Changlyul and Kwon Hyeok Chang. (2016). Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability. Korea Social Policy Review, 23(2), 1-24.

Jung, Changlyul and Kwon Hyeok Chang. 2016, "Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability", Korea Social Policy Review, vol.23, no.2 pp.1-24. Available from: doi:10.17000/kspr.23.2.201606.1

Jung, Changlyul, Kwon Hyeok Chang "Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability" Korea Social Policy Review 23.2 pp.1-24 (2016) : 1.

Jung, Changlyul, Kwon Hyeok Chang. Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability. 2016; 23(2), 1-24. Available from: doi:10.17000/kspr.23.2.201606.1

Jung, Changlyul and Kwon Hyeok Chang. "Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability" Korea Social Policy Review 23, no.2 (2016) : 1-24.doi: 10.17000/kspr.23.2.201606.1

Jung, Changlyul; Kwon Hyeok Chang. Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability. Korea Social Policy Review, 23(2), 1-24. doi: 10.17000/kspr.23.2.201606.1

Jung, Changlyul; Kwon Hyeok Chang. Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability. Korea Social Policy Review. 2016; 23(2) 1-24. doi: 10.17000/kspr.23.2.201606.1

Jung, Changlyul, Kwon Hyeok Chang. Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability. 2016; 23(2), 1-24. Available from: doi:10.17000/kspr.23.2.201606.1

Jung, Changlyul and Kwon Hyeok Chang. "Are Pension Systems between the UK, Germany and Sweden Converging? Focusing on Benefit Adequacy and Financial Sustainability" Korea Social Policy Review 23, no.2 (2016) : 1-24.doi: 10.17000/kspr.23.2.201606.1