Rethinking the Welfare State: The Political Economy of Pension Reform

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Sixteen papers, presented by Rein (social policy, Massachusetts Institute of Technology, US) and Schmähl (economics, U. of Bremen, UK), comparatively examine changing systems of pensions in mature industrial economies as well as economies in transition. Combining individual case studies with broader theoretical work, the papers collectively explore find a number of shared patterns, including extending coverage of private pensions, the substitution of private for public, the transition of employer-provided and financed pensions, and greater "flexibility" in contracts. Annotation ©2004 Book News, Inc., Portland, OR
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Product Details

  • ISBN-13: 9781843761020
  • Publisher: Elgar, Edward Publishing, Inc.
  • Publication date: 2/28/2004
  • Pages: 480

Table of Contents

Introduction 1
1 Contracting out of the state pension system: the British experience of carrots and sticks 19
2 The relationship between the role of the corporate pension and the public pension plan in Japan 56
3 Reforming pensions: the Australian experience 83
4 The institutionalization of the Swiss multi-pillar pension system 102
5 The quality of the Dutch pension system: will it be sustainable in the twenty-first century? 122
6 Paradigm shift in German pension policy: measures aiming at a new public-private mix and their effects 153
7 Individual accounts and the continuing debate over social security reform in the United States 205
8 Public pension reform and contractual agreements in Sweden: from defined benefit to defined contribution 226
9 How societies mix public and private spheres in their pension systems 251
10 Whose money is it anyhow? Governance and social investment in collective investment funds 294
11 Home-made pension reforms in Central and Eastern Europe and the evolution of the World Bank approach to modern pension systems 319
12 Public and private mix in the Polish pension system 334
13 Conflicting interests in shaping Hungary's new private pension scheme 348
14 Latin American and East European pension reforms: accounting for a paradigm shift 372
15 The public-private mix of retirement income in nine OECD countries: some evidence from micro data and an exploration of its implications 395
16 Income packaging and economic wellbeing in the last stage of the working career 412
Index 439
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