Chapter

Historical Perspectives and the Politics of Pension Reform

Gordon L. Clark

in Pension Security in the 21st Century

Published in print November 2003 | ISBN: 9780199261765
Published online August 2004 | e-ISBN: 9780191601248 | DOI: http://dx.doi.org/10.1093/0199261768.003.0002
 Historical Perspectives and the Politics of Pension Reform

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This chapter explores the public-private divide with regards to the development of occupational, professional or firm-based pensions in Britain after the Second World War, and how these were accommodated within state schemes. The first section traces the debate surrounding British pension reform in the 1960s, in the period following the introduction of the State Earnings Related Pension Scheme. The second section briefly describes a history of other European pension developments in the same period. The third section offers a comparative overview of these developments. It is argued that when all forms of political and government intervention are taken together, the distinction between public and private in this area remains arbitrary and eclectic.

Keywords: pension reform; Britain; historical perspective; public-private divide; state pension scheme

Chapter.  9481 words. 

Subjects: Financial Markets

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