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Notional Defined Contribution Accounts

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  • John B. Williamson
  • Matthew Williams

Abstract

Notional defined contribution (NDC) accounts represent a new model for social security reform that so far has been adopted in seven countries. While NDC schemes remain public, they call for the individual accounts favored by neoliberal policy analysts. NDC schemes would address many of the demographic and fiscal problems threatening pension systems but, depending on the country, could do so in a way that puts low‐paid workers and women at greater risk than do the schemes being replaced. NDC systems are often the result of a compromise between different interest groups, typically between neoliberal economic elites on the right and labor unions or pensioners’ organizations on the left.

Suggested Citation

  • John B. Williamson & Matthew Williams, 2005. "Notional Defined Contribution Accounts," American Journal of Economics and Sociology, Wiley Blackwell, vol. 64(2), pages 485-506, April.
    • Handle: RePEc:bla:ajecsc:v:64:y:2005:i:2:p:485-506
    DOI: 10.1111/j.1536-7150.2005.00376.x
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    References listed on IDEAS

    as
    1. John B. Williamson, 2004. "Assessing the pension reform potential of a notional defined contribution pillar," International Social Security Review, John Wiley & Sons, vol. 57(1), pages 47-64, January.
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    Cited by:

    1. Claes Belfrage & Magnus Ryner, 2009. "Renegotiating the Swedish Social Democratic Settlement: From Pension Fund Socialism to Neoliberalization," Politics & Society, , vol. 37(2), pages 257-287, June.
    2. D Rajasekhar & Santosh Kesavan & R Manjula, 2017. "Contributory Pension Schemes for the Poor: Issues and Ways Forward," Working Papers id:12097, eSocialSciences.
    3. Rajasekhar, D. & Kesavan, Santosh & Manjula, R., 2016. "Contributory pension schemes for the poor: Issues and ways forward," Working Papers 377, Institute for Social and Economic Change, Bangalore.

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