Harmonisation of Old-Age Security within the European Union

29 Pages Posted: 28 Jan 2004

See all articles by Silke Uebelmesser

Silke Uebelmesser

University of Jena - School of Economics and Business Administration; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: December 2003

Abstract

Not sufficiently harmonised national pension systems within the European Union distort the allocation of labour and endanger redistributive activities. This paper identifies the most decentralised level of harmonisation which guarantees efficient allocation and enables redistribution. For this, we build on theoretical results to evaluate the realised distribution of the legal power between the European Union and the Member States and the resulting level of harmonisation. We find that harmonisation is sub-optimally low. Binding rules guaranteed by the European Union are needed which means that the Member States have to concede more fundamental responsibilities to the European Union.

Keywords: european integration, mobility, unfunded pension systems, system competition, allocation of labour, intergenerational redistribution.

JEL Classification: F22, H55, K33, N34

Suggested Citation

Uebelmesser, Silke, Harmonisation of Old-Age Security within the European Union (December 2003). CESifo Working Paper Series No. 1108. Available at SSRN: https://ssrn.com/abstract=489422

Silke Uebelmesser (Contact Author)

University of Jena - School of Economics and Business Administration ( email )

Carl-Zeiss-Str. 3
D-07743 Jena
Germany

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

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