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Financial market lobbies and pension reform

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Author Info
Kemmerling, Achim
Neugart, Michael

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Abstract

We 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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File URL: http://www.sciencedirect.com/science/article/B6V97-4V8G9Y0-1/2/bf8bca7764dc0e08c867cbeb9f912c3c
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Publisher Info
Article provided by Elsevier in its journal European Journal of Political Economy.

Volume (Year): 25 (2009)
Issue (Month): 2 (June)
Pages: 163-173
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Handle: RePEc:eee:poleco:v:25:y:2009:i:2:p:163-173

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Web page: http://www.elsevier.com/locate/inca/505544

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Related research
Keywords: Pension reform Political economy of pension systems Lobbying Financial market Institutional investors;

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This page was last updated on 2009-12-3.


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