IDEAS home Printed from https://ideas.repec.org/a/taf/fsesxx/v19y2014i3p309-330.html
   My bibliography  Save this article

Reassessing South European Pensions after the Crisis: Evidence from Two Decades of Reforms

Author

Listed:
  • David Natali
  • Furio Stamati

Abstract

The article studies pension reforms in Greece, Italy, Portugal, and Spain between 1990 and 2013, focusing on three dimensions of change: multi-pillarisation, institutional harmonisation, and spending trends (cost-containment/expansion). The pension evolution of these countries is reassessed throughout the period of crisis and austerity. All countries encouraged the spread of private pensions and harmonised their fragmented public schemes. Cost containment was massive, putting future adequacy at risk. While international actors, especially the European Union, acquired a stronger role, that of organised labour declined. Spiralling between crisis and austerity, these systems changed and adapted, but still face old and new problems: inequality, risk individualisation, and increasing vulnerability to external shocks.

Suggested Citation

  • David Natali & Furio Stamati, 2014. "Reassessing South European Pensions after the Crisis: Evidence from Two Decades of Reforms," South European Society and Politics, Taylor & Francis Journals, vol. 19(3), pages 309-330, July.
    • Handle: RePEc:taf:fsesxx:v:19:y:2014:i:3:p:309-330
    DOI: 10.1080/13608746.2014.951515
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13608746.2014.951515
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13608746.2014.951515?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maria Teresa Medeiros Garcia & André Fernando Rodrigues Rocha da Silva, 2023. "Pension expenditure determinants: the case of Portugal," Public Sector Economics, Institute of Public Finance, vol. 47(2), pages 177-203.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:fsesxx:v:19:y:2014:i:3:p:309-330. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/fses .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.