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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.

Suggested Citation

  • Eckardt, Martina, 2003. "The Open Method of Co-ordination on Pensions - An Economic Analysis of its Effects on Pension Reforms," Thuenen-Series of Applied Economic Theory 39, University of Rostock, Institute of Economics.
    • Handle: RePEc:zbw:roswps:39
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    Citations

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    Cited by:

    1. Grech, Aaron George, 2010. "Assessing the sustainability of pension reforms in Europe," MPRA Paper 27407, University Library of Munich, Germany.
    2. 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.
    3. Grech, Aaron George, 2013. "How best to measure pension adequacy," LSE Research Online Documents on Economics 51270, London School of Economics and Political Science, LSE Library.
    4. Pülzl, Helga & Lazdinis, Marius, 2011. "May the Open Method of Coordination be a new instrument for forest policy deliberations in the European Union?," Forest Policy and Economics, Elsevier, vol. 13(6), pages 411-418, July.
    5. Aaron George Grech, 2018. "What Makes Pension Reforms Sustainable?," Sustainability, MDPI, vol. 10(8), pages 1-12, August.
    6. repec:cep:sticas:/172 is not listed on IDEAS
    7. 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.
    8. Ania, Ana B. & Wagener, Andreas, 2009. "The Open Method of Coordination (OMC) as an Evolutionary Learning Process," Hannover Economic Papers (HEP) dp-416, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    9. Grech, Aaron George, 2014. "Evaluating the possible impact of pension reforms on elderly poverty in Europe," MPRA Paper 57639, University Library of Munich, Germany.
    10. Figari, Francesco & Matsaganis, Manos & Sutherland, Holly, 2011. "The financial well-being of older people in Europe and the redistributive effects of minimum pension schemes," EUROMOD Working Papers EM7/11, EUROMOD at the Institute for Social and Economic Research.
    11. 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.
    12. 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, February.
    13. 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.

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    More about this item

    Keywords

    Pension Reform; EU Integration; Regulatory Competition;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • G2 - Financial Economics - - Financial Institutions and Services
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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