Financial market lobbies and pension reform
AbstractWe develop a model in which firms in the financial market lobby the government to lower compulsory contributions to the public pension system. Firms lobby in order to increase demand from households for their old-age savings products. We conclude with a comparison of two major pension reforms in Europe exemplifying the influence of financial market lobbies on pension policies.
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Bibliographic InfoArticle provided by Elsevier in its journal European Journal of Political Economy.
Volume (Year): 25 (2009)
Issue (Month): 2 (June)
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Web page: http://www.elsevier.com/locate/inca/505544
Pension reform Political economy of pension systems Lobbying Financial market Institutional investors;
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