Snapshots of Closing Europe’s Risk Capital Gap: The Role of Funded Pensions

Quickly apply original, key PMR-published papers with Snapshots—a short article companion that distills PMR research into compressed, digestible takeaways, so you can put the paper’s core ideas to work in your investment process—fast. This Snapshot article is based on research arguing that Europe’s risk capital gap partly reflects its reliance on pay-as-you-go pension systems, while countries with more funded pensions have accumulated substantially more risk capital per worker.