Rethinking the Welfare State : The Political Economy of Pension Reform

By: Martin Rein (Editor), Winfried Schmaehl (Editor)

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480 Pages

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23.4 x 15.6 x 3.18

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The contributions to this volume offer an analysis of the pensions crisis: how it has come about, what it means and what measures can be taken to offset the effects of a massive shortfall between the available resources and public expectations.

Industry Reviews

'This first comprehensive analysis of public-private mixings discovers pension systems as rather flexible 'hybrid forms' not locked in as "uniform types". The balance shifts towards extended coverage of private pensions or functional privatization of public pensions - the private increasingly substituted for the public, and the contribution-benefit link is forged closer. What does the future hold? Surely, more income inequality in old age - unless "the rest of society" is already characterized by low poverty rates and low inequality, or unless active political design of the public-private mix compensates for social polarization, preventing a 21st century return of "the two nations". The modern state may "devolve" delivery of benefits - but an ageing electorate will still hold the state responsible for designing the requisite mix.' -- Stephan Leibfried, University of Bremen, Germany
'This is the best book out there for surveying the variety of mixed public-private systems that have been sweeping the social security world during the last two decades. Separate chapters written by experts from each country explain what is happening in OECD countries, Latin America and the transitional economies, placing the recent multi-pillar reforms into the context of each country's history and political structure. Cross-cutting chapters by Rein and Schmahl pull it all together. This enables us to view both the commonalities and differences across countries, and to evaluate how path dependencies operate through time. I recommend it as a valuable reference source.' -- Estelle James, The Urban Institute, US

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Contributors	p. viii
Introduction	p. 1
The Experience of Mature Welfare States in Western Economies
Contracting out: the experience in the United Kingdom and Japan
Contracting out of the state pension system: the British experience of carrots and sticks	p. 19
The relationship between the role of the corporate pension and the public pension plan in Japan	p. 56
Mandating of contractual agreements: Australia, Switzerland and the Netherlands
Reforming pensions: the Australian experience	p. 83
The institutionalization of the Swiss multi-pillar pension system	p. 102
The quality of the Dutch pension system: will it be sustainable in the twenty-first century?	p. 122
Carve-outs: Germany, USA and Swedish financial accounts
Paradigm shift in German pension policy: measures aiming at a new public-private mix and their effects	p. 153
Individual accounts and the continuing debate over social security reform in the United States	p. 205
Public pension reform and contractual agreements in Sweden: from defined benefit to defined contribution	p. 226
Pathways towards a mixed public-private pension system
How societies mix public and private spheres in their pension systems	p. 251
Whose money is it anyhow? Governance and social investment in collective investment funds	p. 294
Economies in Transition and Latin America
Home-made pension reforms in Central and Eastern Europe and the evolution of the World Bank approach to modern pension systems	p. 319
Public and private mix in the Polish pension system	p. 334
Conflicting interests in shaping Hungary's new private pension scheme	p. 348
Latin American and East European pension reforms: accounting for a paradigm shift	p. 372
The Public-Private Mix and Wellbeing in Aged Households
The public-private mix of retirement income in nine OECD countries: some evidence from micro data and an exploration of its implications	p. 395
Income packaging and economic wellbeing in the last stage of the working career	p. 412
Index	p. 439
Table of Contents provided by Rittenhouse. All Rights Reserved.

Rethinking the Welfare State : The Political Economy of Pension Reform

At a Glance

Hardcover

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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