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Equity of Public Pension System

  • Robert Meneu-GayaEmail author
  • Borja Encinas-Goenechea
  • Inmaculada Domínguez-Fabián
Chapter
  • 11 Downloads

Abstract

Fairness is an important feature of pension systems, but it is a wide concept with multiple sides. In this chapter, we try to distinguish some of them with the aim of using the terms in a proper manner. More specifically, we have observed at least five meanings for the notion of fairness when applying to a pension system: justice, equity, neutrality, solidarity and integrity. We explain each sense of fairness and other related concepts. We also provide, when possible, a way to measure each of them, with some figures for a selected European countries.

Keywords

Actuarial fairness Equity Actuarial neutrality Solidarity Integrity Public pension 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Robert Meneu-Gaya
    • 1
    Email author
  • Borja Encinas-Goenechea
    • 2
  • Inmaculada Domínguez-Fabián
    • 3
  1. 1.Department of Mathematics for Economy anf BusinessUniversitat de ValènciaValenciaSpain
  2. 2.Department of Financial Economics and AccountingUniversity of ExtremaduraBadajozSpain
  3. 3.Financial Economics and AccountingUniversity of ExtremaduraCáceresSpain

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