The varieties of pension governance : pension privatization in Europe / edited by Bernhard Ebbinghaus.

Format:

Book

Contributor:

Ebbinghaus, Bernhard.

Language:

English

Subjects (All):

Old age pensions--Europe.

Old age pensions.

Old age pensions--Government policy--Europe.

Pension trusts--Investments--Europe.

Pension trusts.

Privatization--Europe.

Privatization.

Pension trusts--Investments.

Old age pensions--Government policy.

Europe.

Physical Description:

xxv, 440 pages : illustrations ; 24 cm

Place of Publication:

Oxford ; New York : Oxford University Press, 2011.

Summary:

The ongoing privatization of pensions-the shift from state to private responsibility for old age retirement income-raises fundamental issues of social and participatory rights. The recent financial market crisis makes the problematic nature of funded private pensions that fall short of expected returns dramatically clear. What have been the experiences in developed multipillar systems? What can be learned for those pensions systems currently under reform? This edited book compares the varieties of pension governance in ten European countries. It contrasts the experience of developed multipillar systems such as Britain, Denmark, the Netherlands, and Switzerland with the recent shift toward private occupational and personal pensions in Belgium, France, Finland, Germany, Italy, and Sweden. The country chapters investigate how and why old age income responsibilities are being shifted to employers, unions, and individuals. They describe the changing public and private pension mix, and discuss the particular features of the private occupational and personal pensions. This book discusses four major questions in detail: who is covered, what kind of benefits, who pays, and who governs? Three comparative analyses provide additional value, describing the long-term institutional change from public to multipillar pension systems, the variations in regulation and governance of private pensions, and the consequences for income inequality in old age. This book combines the benefits of a reference work-ten up-to-date country studies of major pension systems in Europe-with three cross-national comparative empirical analyses that provide comprehensive information on important aspects of the reform development, societal governance, and social outcomes of pension systems. Book jacket.

Contents:

Part 1 Comparing Pension Privatization in Europe

1 Introduction: Studying Pension Privatization in Europe / Bernhard Ebbinghaus Ebbinghaus, Bernhard 3

2 The Changing Public-Private Pension Mix in Europe: From Path Dependence to Path Departure / Bernhard Ebbinghaus Ebbinghaus, Bernhard, Mareike Gronwald Gronwald, Mareike 23

Part II Bismarckian Latecomers to Multipillar Pension Systems

3 Belgium: The Paradox of Persisting Voluntarism in a Corporatist Welfare State / Johan J. De Deken Deken, Johan J. De 57

4 France: Promoting Funded Pensions in Bismarckian Corporatism? / Marek Naczyk Naczyk, Marek, Bruno Palier Palier, Bruno 89

5 Germany: Departing from Bismarckian Public Pensions / Bernhard Ebbinghaus Ebbinghaus, Bernhard, Mareike Gronwald Gronwald, Mareike, Tobias Wiβ Wiβ, Tobias 119

6 Italy: From Bismarckian Pensions to Multipillarization under Adverse Conditions / Matteo Jessoula Jessoula, Matteo 151

Part III Emergent Nordic Multipillar Pension Systems

7 Denmark: The Silent Revolution towards a Multipillar Pension System / Jørgen Goul Andersen Andersen, Jørgen Goul 183

8 Finland: From Statutory Pension Dominance towards Voluntary Private Schemes / Olli Kangas Kangas, Olli, Päivi Luna Luna, Päivi 210

9 Sweden: A Viable Public-Private Pension System / Gabriella Sjögren Lindquist Lindquist, Gabriella Sjögren, Eskil Wadensjö Wadensjö, Eskil 240

Part IV Mature Multipolar Pension Systems

10 Britain: Exhausted Voluntarism - The Evolution of a Hybrid Pension Regime / Paul Bridgen Bridgen, Paul, Traute Meyer Meyer, Traute 265

11 The Netherlands: Adapting a Multipillar Pension System to Demographic and Economic Change / Karen M. Anderson Anderson, Karen M. 292

12 Switzerland: Regulating a Public-Private Heritage of Multipillar Pension Governance / Giuliano Bonoli Bonoli, Giuliano, Silja Häusermann Häusermann, Silja 318

Part V Comparing Pension Systems and their Outcome

13 The Governance and Regulation of Private Pensions in Europe / Bernhard Ebbinghaus Ebbinghaus, Bernhard, Tobias Wiβ Wiβ, Tobias 351

14 The Public-Private Pension Mix and Old Age Income Inequality in Europe / Bernhard Ebbinghaus Ebbinghaus, Bernhard, Jörg Neugschwender Neugschwender, Jörg 384.

Notes:

Includes bibliographical references and index.

ISBN:

9780199586028

0199586020

OCLC:

669754012