Globalisation and the changing governance of welfare states: Superannuation reform in Australia

Pierson, Christopher

doi:10.1080/13600829808443148

Cited by 24 publications

(2 citation statements)

References 13 publications

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“…The well‐known tendency for mainstream economists to ignore inconvenient empirical evidence is discussed in George, ‘Consolations for the Economist’ (this volume), and true to form, the case for privatised pensions remains undented by the British pensions mis‐selling episode (see, for example, Blackburn, 2003). Moreover there is evidence from Australia (see Pierson, 1998) that people want to be forced by the State to save for their retirement. How this finding can be incorporated into mainstream economic theory remains to be seen.…”

Section: Savings Investment and Pensionsmentioning

confidence: 99%

Workers' Savings and the Right to Manage

George

2007

Journal of Economic Surveys

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Abstract. Most Western capitalist institutions are islands of fascism in a sea of democracy. But democracy can be introduced from the political to the economic sphere by re-assigning the right to manage from capital owners to workers, thereby creating a sector consisting of self-managed firms. Such firms require external finance for efficiency; this can be supplied via a new form of financial asset (performance bonds), to be held by wage-earners' investment funds. Reforms such as these could improve productivity and the quality of working life, strengthen the role of markets and help to deal with the so-called pensions crisis. These reforms would threaten the interests of private capital owners and would therefore require decisive political action: they can thus be differentiated sharply from voluntary, enterprise-level schemes for introducing profit-sharing, employee share-ownership or industrial democracy.

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Section: Savings Investment and Pensionsmentioning

confidence: 99%

Workers' Savings and the Right to Manage

George

2007

Journal of Economic Surveys

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“…6. On developments in Australia since the mid 1980s and the 1991 legislation, see Edey and Simon 1998;Pierson 1998 -The basic pension in Switzerland (AHV), concluded in 1948, has never been a universal, flat-rate pension. It is financed through 'contributions' levied on almost all income categories without an upper ceiling (factually, it is a proportional income tax), while benefits are capped and show a small spread (the maximum pension amounts to double the minimum benefit).…”

Section: Notesmentioning

confidence: 99%

Elephants on the move. Patterns of public pension reform in OECD countries

Hinrichs¹

2000

European Review

145

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Among OECD countries there are two clusters of old-age security systems: (1) ‘Social insurance’ countries had, by the end of the 1960s, fashioned the core of old-age security as public, contributory, earnings-related and unfunded insurance schemes; (2) a diverse collection of countries that, after 1970, topped up their basic pension arrangements with funded occupational pension schemes with (almost) universal coverage. ‘Social insurance’ countries, on which this essay focuses, reveal at least six common trends in pension reform, all about improving the financial sustainability of public schemes. Although the repertoire of incremental adjustment strategies is quite limited, policy changes since the early 1980s have not led to a clear convergence among ‘social insurance’ countries (or across the two clusters). Their original diversity has been somewhat diminished, but it has for the most part merely taken a different form. Public pension reforms regularly harmed (future) beneficiaries. Nevertheless, most reforms were actually based on broad political consensus. The success of attempts to introduce retrenchment policies depends on prior negotiation with – and support obtained from – collective actors above and beyond a simple parliamentary majority. This peculiar prerequisite ensures success in the sense of a sustained implementation of the measures taken and of actual improvement in public trust in ‘reliable’ pension schemes.

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Lo Stato Sociale Nell'era Dell'austerità Permanente

Pierson¹

1999

Riv. Ital. Sci. Polit.

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IntroduzioneDa tempo riconosciuto come un elemento caratterizzante delle democrazie industriali avanzate, il welfare state reclama oggi più attenzione che mai. Malgrado l'incremento delle disuguaglianze in molti paesi, le domande di tagli alla spesa sociale si sono intensificate. I tentativi in tale senso hanno provocato un acceso dibattito e diffuse proteste e ciò pone il welfare al centro del dibattito politico e del conflitto sociale.

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Globalisation and the changing governance of welfare states: Superannuation reform in Australia

Cited by 24 publications

References 13 publications

Workers' Savings and the Right to Manage

Workers' Savings and the Right to Manage

Elephants on the move. Patterns of public pension reform in OECD countries

Lo Stato Sociale Nell'era Dell'austerità Permanente

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