Chapter

Introduction: Studying Pension Privatization in Europe

Bernhard Ebbinghaus

in The Varieties of Pension Governance

Published in print March 2011 | ISBN: 9780199586028
Published online May 2011 | e-ISBN: 9780191725586 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199586028.003.0001
Introduction: Studying Pension Privatization in Europe

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The introductory chapter discusses the need for studying the changing public–private pension mix and the governance and regulation of private (occupational and personal) pensions. Public pension systems with pay-as-you-go financing have not only come under pressure due to demographic and socio-economic changes but also the recent financial crisis has challenged funded private pensions. Mapping the main features of the public–private pension mix of the selected ten European countries, the chapter gives an overview of the content of the country chapters, drawing some lessons from their varied experiences. The introduction also sketches the main topics of the three comparative studies on the changing public–private pension mix, the varieties of pension governance and regulation as well as the poverty and inequality patterns emerging from the different pension systems.

Keywords: Europe; public–private mix; pension reform; multipillar pension systems; financial crisis; pension fund governance; income inequality

Chapter.  8245 words. 

Subjects: Political Economy

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