IDEAS home Printed from https://ideas.repec.org/p/ins/quaeco/qf0107.html
   My bibliography  Save this paper

Globalization's challenge to pension reform in Western Europe

Author

Listed:
  • M. Dudek Carolyn

    (Department of Political Science, Hofstra University, New York, USA)

  • Pieter Omtzigt

    (Department of Economics, University of Insubria, Italy)

Abstract

The following suggests that demographic changes and the creation of a single currency in Europe has compelled greater EU intervention in pension reform. Although, traditionally pension reform has remained the domain of the domestic realm, increased European integration has necessitated lifting the issue of pension reform to the EU level.Capital flows among Eu member states, the economic dependence among members of EMU and the unique institutional structure of the EU has facilitated increased attention at the EU level regarding pension reform. Politically, the EU presents a unique condition since national governments can use Brussels as a scapegoat to implement contested policies such as pension reform and accountability at the EU level is distinct from democratic configurations within member states also facilitating change within a highly contested policy area. Economically, the almost complete economic integration after the introduction of the Euro, means that countries are ever more dependent on policy choices in other Member States: no lOnger are countries able to keep all the benefits of prefunding, like increased investment, within their own borders. This study concludes that both the political and economic importance of the EU and its uniqueness may lead to an important role of Brussels in the context of pension reform.

Suggested Citation

  • M. Dudek Carolyn & Pieter Omtzigt, 2001. "Globalization's challenge to pension reform in Western Europe," Economics and Quantitative Methods qf0107, Department of Economics, University of Insubria.
    • Handle: RePEc:ins:quaeco:qf0107
    as

    Download full text from publisher

    File URL: https://www.eco.uninsubria.it/RePEc/pdf/QF2001_10.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Thomas Cooley & Jorge Soares, 1999. "Privatizing Social Security," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 2(3), pages 731-755, July.
    2. Bonoli,Giuliano, 2000. "The Politics of Pension Reform," Cambridge Books, Cambridge University Press, number 9780521776066.
    3. Bonoli,Giuliano, 2000. "The Politics of Pension Reform," Cambridge Books, Cambridge University Press, number 9780521772327.
    4. Burley, Anne-Marie & Mattli, Walter, 1993. "Europe Before the Court: A Political Theory of Legal Integration," International Organization, Cambridge University Press, vol. 47(1), pages 41-76, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stefan Traub & Tim Krieger, 2009. "Wie hat sich die intragenerationale Umverteilung in der staatlichen Säule des Rentensystems verändert? Ein internationaler Vergleich auf Basis von LIS-Daten," LIS Working papers 520, LIS Cross-National Data Center in Luxembourg.
    2. Kemmerling, Achim & Neugart, Michael, 2009. "Financial market lobbies and pension reform," European Journal of Political Economy, Elsevier, vol. 25(2), pages 163-173, June.
    3. Daniel Béland & John Myles, 2008. "Policy Change in the Canadian Welfare State: Comparing the Canada Pension Plan and Unemployment Insurance," Social and Economic Dimensions of an Aging Population Research Papers 235, McMaster University.
    4. Lizzeri, Alessandro & Bouton, Laurent & Persico, Nicola, 2016. "The Political Economy of Debt and Entitlements," CEPR Discussion Papers 11459, C.E.P.R. Discussion Papers.
    5. Daniel Beland & Patrik Marier, 2004. "The Politics of Protest Avoidance: Policy Windows, Labor Mobilization, and Pension Reform in France," Social and Economic Dimensions of an Aging Population Research Papers 114, McMaster University.
    6. Carrera, Leandro N. & Angelaki, Marina, 2020. "The diversity and causality of pension reform pathways: a fuzzy-set qualitative comparative analysis," LSE Research Online Documents on Economics 102554, London School of Economics and Political Science, LSE Library.
    7. Manos Matsaganis, 2007. "Union Structures and Pension Outcomes in Greece," British Journal of Industrial Relations, London School of Economics, vol. 45(3), pages 537-555, September.
    8. Miroslav Verbič & Rok Spruk, 2019. "Political economy of pension reforms: an empirical investigation," European Journal of Law and Economics, Springer, vol. 47(2), pages 171-232, April.
    9. Marion Ellison & Vittorio Sergi & Nicola Giannelli, 2017. "An In-Depth Analysis of the Relationship Between Policy Making Processes, Forms of Governance and the Impact of selected Labour Market Innovations in twelve European Labour Market Settings," Working Papers 1701, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2017.
    10. Johannes Lindvall, 2010. "Power Sharing and Reform Capacity," Journal of Theoretical Politics, , vol. 22(3), pages 359-376, July.
    11. Marek Loužek, 2006. "Má důchodová reforma se zadlužením smysl? [Has pension reform with indebtedness a sense?]," Politická ekonomie, Prague University of Economics and Business, vol. 2006(2), pages 247-260.
    12. Stiller, Sabina, 2007. "Surveying the welfare state: challenges, policy development and causes of resilience," Working papers of the ZeS 01/2007, University of Bremen, Centre for Social Policy Research (ZeS).
    13. Pierson, Paul, 2011. "The welfare state over the very long run," Working papers of the ZeS 02/2011, University of Bremen, Centre for Social Policy Research (ZeS).
    14. Brady, David & Lee, Hang Young, 2014. "The rise and fall of government spending in affluent democracies, 1971-2008," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 24(1), pages 56-79.
    15. Hideko Magara, 2013. "Introduction: two decades of structural reform and political change in Italy and Japan," Chapters, in: Hideko Magara & Stefano Sacchi (ed.), The Politics of Structural Reforms, chapter 1, pages 1-24, Edward Elgar Publishing.
    16. Blerina Mucaj, 2006. "Efficiency of Pension Funds Management in OECD Countries: Registered Retirement Savings Plan in Canada," Development Discussion Papers 2006-05, JDI Executive Programs.
    17. Ferrera, Maurizio, 2003. "European Integration and National Social Citizenship: Changing Boundaries, New Structuring?," Institute of European Studies, Working Paper Series qt6r3612gz, Institute of European Studies, UC Berkeley.
    18. Robert Holzmann & Richard Hinz, 2005. "Old Age Income Support in the 21st century: An International Perspective on Pension Systems and Reform," World Bank Publications - Books, The World Bank Group, number 7336, December.
    19. Fernandez, Juan J., 2010. "Economic crises, high public pension spending and blame-avoidance strategies: Pension policy retrenchments in 14 social-insurance countries, 1981 - 2005," MPIfG Discussion Paper 10/9, Max Planck Institute for the Study of Societies.
    20. Grimmeisen, Simone, 2004. "Path dependence and path departure: Analysing the first decade of post-communist pension policy in Hungary, Poland and the Czech Republic," Working papers of the ZeS 01/2004, University of Bremen, Centre for Social Policy Research (ZeS).

    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:ins:quaeco:qf0107. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Segreteria Dipartimento (email available below). General contact details of provider: https://edirc.repec.org/data/feinsit.html .

    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.