Pension Privatization
Evolution of a Paradigm
Bibliographic Data
| ID | 6263449 |
|---|---|
| Authors | Mitchell A Orenstein (0000-0002-2383-3270, Northeastern University, corresponding author) |
| Year | 2013 |
| Volume | 26 |
| Issue | 2 |
| Pages | 259-281 |
| Publication date | 2013-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Governance (JOURNAL) |
| Journal identifiers | ISSN: 0952-1895 • E-ISSN: 1468-0491 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/gove.12024 |
| OpenAlex | W1770165407 |
| Language | EN |
| Citations received | 50 |
| References cited | 39 |
From 1981 to 2004, a paradigm shift occurred in pension systems worldwide as more than 30 countries fully or partially replaced their state‐administered pay‐as‐you‐go pension systems with ones based on individual, private savings accounts. Yet in 2005, pension privatization abruptly stopped. After the 2008 crisis, several countries that had privatized their pension systems scaled back or even canceled individual accounts. Is the new pension paradigm dead? And if so, why? This article shows that fiscal and ideational factors caused a temporary halt to pension privatization worldwide and induced transnational pension policy networks to find new ways to respond to perceived failures. Adjustments to the new pension paradigm such as emphasizing minimum pensions and recommending that governments “nudge” rather than mandate pension savings will enable pension privatization to continue in years ahead, albeit in a revised form
Business · Economic policy · Economics · Mandate · Pension · Pension system · Political science · Private pension · State (computer science · Employment and Welfare Studies · Financial Literacy, Pension, Retirement Analysis · Housing, Finance, and Neoliberalism · Law · Finance
The Political Economy of Pension Policy Reversal in Post-Communist Countries
Bringing Ideational Power into the Paradigm Approach
OECD pension reform
Meanings of Public and the Future of Public Services
Insuring individuals … and politicians
Policy Learning Through Transfer - Individuals, Organisations and Network in the Making of Ethiopia’s Industrial Park Programme
Comparative pension reform pathways in Latin America and Southern Europe
Institutional Design of Pension Systems Versus Labor Market Structure
The politics of policy anomalies
Social policy diffusion in South Asia
Politics, power and policy transfer
Privileging privatisation
Caught in a Matrix of Factors
Radical Pension Reforms after the Crisis
Cracking the Nest Egg
Conditional solutionism
The politics of pension reform in Greece and Turkey
International organizations as policy actors
Organizing for impact
Exploring theoretical approaches to global social policy research
Armed conflicts and the expansion of old-age pensions in the Global South
Repackaging in South–North Policy Learning
Presidents’ Strategic Action and Policy Change in Mexico
Special Issue
Russian Pension Reform under Quadruple Influence
Between substantive and symbolic influence
Another look at causes and consequences of pension privatization reform reversals in Eastern Europe
Creating French-style pension funds
Public–private pension mixes in East Asia
An appraisal of Turkey's voluntary individual pension system from a perspective of pension equality
Public–Private Partnerships in European Old‐Age Pension Provision
Path‐dependency versus Reform in Pensions and Family Policy Re‐examined
When finance captures labor's capital
Social policy learning inside the World Bank
Neoliberalism Filtered
The face of affordable housing in a neoliberal paradigm
Modelos de financiarización de las pensiones en cuatro estados de bienestar europeos
There's something about sustainability’
Warum es kaum Pensionsfonds in Deutschland gibt. Kapitalmarktrisiken, Finanzindustrie und die Politik der Mindestverzinsung
Developing countries and systemic pension reforms
Reforming against all odds
Second‐pillar pensions in Central and Eastern Europe
The Financial Crisis and Varieties of Pension Privatization Reversals in Eastern Europe
The political economy of pension financialisation
How Solutions Chase Problems
Invasion From Within
Pension financialization and workplace pension wealth inequality
Financializing nursing homes? The uneven development of Health Care Reits in France, the United Kingdom and Japan
Benevolent Policies
How to Build and Wield Business Power
Retiring the State
The Varieties of Pension Governance
Privatizing Pensions
Solidarity without the State?
The Political Economy of Pension Reform in Central–Eastern Europe
Dismantling the Welfare State?
Ideas and Politics in Social Science Research
A Long Goodbye to Bismarck?
The New Politics of the Welfare State
Averting the funding-gap crisis
Pension Reform in Nigeria
The Battle of Future Pensions
Nudge
The Limits of Pension Privatization
The New Collectivism
Social Security at The Crossroads
The impact of the global financial crisis on social protection in developing countries
From reform to crisis
Social pensions and policy learning
Political risk and pension privatization
Reforming pensions
Social security in times of crisis
Reforming Pensions
Pension Reform and International Organizations
Theories of Policy Diffusion Lessons from Latin American Pension Reform
When Does Diffusion Matter? Explaining the Spread of Structural Pension Reforms Across Nations
Interdependent and Domestic Foundations of Policy Change
The Politics of When
Policy Paradigms, Social Learning, and the State
Dismantling an Earnings-Related Social Pension Scheme
| Unique citing works | 50 |
|---|---|
| Citations per year | 3,85 |
| Citation span | 2013 - 2026 (14) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 50 |