SUSTAINABLE DEVELOPMENT: IS THERE A ROLE FOR THE PENSION FINANCING SCHEME?

Abstract

The ageing phenomenon affects the entire world. The rate of elderly population is growing in all countries and the sustainability of public finance needs to be ensured. One of the most important instruments that absorb the ageing implication is the pension system, which varies from country to country. This article study the ways in which the design of the pension system in different countries can affect the sustainable development principle of “not compromising the ability of future generations to meet their own needs”, starting from the relation between the “pay-as-you-go” financing public pension system and sustainable development