This Website has a limited use of cookies. By using this website, you are agreeing to the terms and conditions listed in our data protection policy. Read more

Policy Paper No. 17

Ageing, Pension Reforms and Capital Market Development in the New EU Member States and Other Transition Countries

Policy Paper
Reference
Almenberg, Johan and Christiane Nickel (2007). “Ageing, Pension Reforms and Capital Market Development in the New EU Member States and Other Transition Countries”. IFN Policy Paper No. 17. Stockholm: Research Institute of Industrial Economics (IFN).

Authors
Johan Almenberg, Christiane Nickel

We present new data on asset allocations of mandatory pension funds in the new EU member states and in other transition countries. Our comparative national data presents a unique opportunity to compare pension reform progress across these countries from a capital market perspective. Our main finding is that in a number of new EU member states and other transition countries, under-diversification of assets threatens to undermine the impact of multi-pillar reform on fiscal sustainability.