In what sense is there a pensions 'time bomb'?

Seminar paper from the year 2002 in the subject Economics - Finance, grade: 1,0, University of St Andrews (Department of Economics), course: Public Finance, language: English, abstract: This essay discusses the weaknesses of current public pension systems and derives suggestions for improvements. Starting with an analysis of the existing pay-as-you-go systems by describing the functionality and ec...