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The Open Method of Co-ordination on Pensions - An Economic Analysis of its Effects on Pension Reforms

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  • Eckardt, Martina

Abstract

This paper analyses the potential effects of the open method of co-ordination on pension reforms in the European Union from an economic point of view. The main results are: (1) For the first time, the Commission formally participates in the input of pension policy-formation of the member states, but without affecting their ultimate decision-making powers. (2) However, the OMC might foster yardstick competition and thus mutual learning from the reform experiences of other member states. (3) In contrast to that, no clear effects on the rent-seeking behaviour of special-interest groups and thus on their influence in shaping pension reforms can be derived. --

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Bibliographic Info

Paper provided by University of Rostock, Institute of Economics in its series Thuenen-Series of Applied Economic Theory with number 39.

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Date of creation: 2003
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Handle: RePEc:zbw:roswps:39

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Keywords: Pension Reform; EU Integration; Regulatory Competition;

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Cited by:
  1. Ania, Ana B. & Wagener, Andreas, 2009. "The Open Method of Coordination (OMC) as an Evolutionary Learning Process," Discussion Papers in Economics 10332, University of Munich, Department of Economics.
  2. Grech, Aaron George, 2013. "Assessing the sustainability of pension reforms in Europe," MPRA Paper 51474, University Library of Munich, Germany.
  3. Hartlapp, Miriam, 2012. "Deconstructing EU old age policy: Assessing the potential of soft OMCs and hard EU law," European Integration online Papers (EIoP), European Community Studies Association Austria (ECSA-A), vol. 16, 02.
  4. Aaron George Grech, 2013. "How best to measure pension adequacy," LSE Research Online Documents on Economics 51270, London School of Economics and Political Science, LSE Library.
  5. Kerber, Wolfgang & Eckardt, Martina, 2005. "Policy learning in Europe: The 'open method of coordination' and laboratory federalism," Thuenen-Series of Applied Economic Theory 48, University of Rostock, Institute of Economics.
  6. Kröger, Sandra, 2008. "Nothing but consultation: The place of organised civil society in EU policy-making across policies," European Governance Papers (EUROGOV) 3, CONNEX and EUROGOV networks.
  7. repec:ese:emodwp:em7-11 is not listed on IDEAS
  8. Citi, Manuele & Rhodes, Martin, 2007. "New Modes of Governance in the EU: Common Objectives versus National Preferences," European Governance Papers (EUROGOV) 1, CONNEX and EUROGOV networks.

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