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Institutional Mismatch, Party Reputation, and Industry Interests

Understanding the Politics of Private-Heavy Pension Systems

Bibliographic Data

ID6345705
AuthorsMargarita Gelepithis (University of Warwick, corresponding author)
Year2018
Volume66
Issue3
Pages735-751
Publication date2018-08-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenuePolitical Studies (JOURNAL)
Journal identifiersISSN: 0032-3217 • E-ISSN: 1467-9248
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0032321717726923
OpenAlexW2768437680
LanguageEN
Citations received3
References cited35

Private-heavy welfare systems, in which low or moderate state benefits are topped up by private welfare arrangements, are expected to undermine political support for the extension of social rights and perpetuate benefit fragmentation over time. And where low state benefits are means tested, political support is expected to be particularly prone to erosion. In this article I develop the argument that the combination of private pensions and means-testing does not always perpetuate fragmentation. Rather, it structures the policy preferences of pension industry representatives and right-of-centre parties such that these actors push for reforms to make the state pension more universal. I make my argument by examining the reform history of nine private-heavy pension systems in the three decades since 1980. A fuzzy-set qualitative comparative analysis maps the conditions under which universalizing reforms have occurred, and two case studies link institutional conditions to reform outcomes via the policy preferences of key political actors

Argument (complex analysis · Economics · Law and economics · Pension · Political economy · Political science · Politics · Private pension · Public economics · Reputation · State (computer science · Welfare state · Finance · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · Public Administration · Social Policy and Reform Studies

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Unique citing works3
Citations per year0,43
Citation span2019 - 2024 (6)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 3

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