Pension privatization in crisis: Death or rebirth of a global policy trend?
From 1981 to 2007, more than thirty countries worldwide fully or partially replaced their pre‐existing pay‐as‐you‐go pension systems with ones based on individual, private savings accounts in a process often labelled “pension privatization”. After the global financial crisis, this trend was put on h...
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| Veröffentlicht in: | International social security review (English edition) 2011-07, Vol.64 (3), p.65-80 |
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| container_title | International social security review (English edition) |
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| creator | Orenstein, Mitchell A. |
| description | From 1981 to 2007, more than thirty countries worldwide fully or partially replaced their pre‐existing pay‐as‐you‐go pension systems with ones based on individual, private savings accounts in a process often labelled “pension privatization”. After the global financial crisis, this trend was put on hold for economic, ideational, and institutional reasons, despite a rise in critical indebtedness that has facilitated pension privatization in the past. Is the global trend towards pension privatization dead or in the process of being reborn, perhaps in a somewhat different form? Several recent trends point to rebirth as policy‐makers scale back public and private pension systems, attend to minimum pensions and “nudge” rather than mandate people to save for retirement. |
| doi_str_mv | 10.1111/j.1468-246X.2011.01403.x |
| format | Article |
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| ispartof | International social security review (English edition), 2011-07, Vol.64 (3), p.65-80 |
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| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; PAIS Index; Worldwide Political Science Abstracts; Business Source Complete; Applied Social Sciences Index & Abstracts (ASSIA) |
| subjects | Debts defined contribution plan economic conditions Economic Crises international Pension plans pension scheme Pensions private pension scheme Privatization Reforms Retirement Retirement planning Saving Savings accounts Social security social security reform Studies Trends |
| title | Pension privatization in crisis: Death or rebirth of a global policy trend? |
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