The Reform of Bismarckian Pension Systems

Pension reform has emerged as a major political issue in most advanced welfare states. Sluggish economic growth and rising unemployment put public pension systems under increasing financial pressure. In combination with a rapidly ageing population in the decades to come, these pressures render major...

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Hoofdauteur: Schludi, Martin
Formaat: Online
Taal:Engels
Gepubliceerd in: Amsterdam University Press 2021
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Online toegang:340209
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author Schludi, Martin
author_browse Schludi, Martin
author_facet Schludi, Martin
author_sort Schludi, Martin
collection Directory of Open Access Books
description Pension reform has emerged as a major political issue in most advanced welfare states. Sluggish economic growth and rising unemployment put public pension systems under increasing financial pressure. In combination with a rapidly ageing population in the decades to come, these pressures render major adjustements in pension policy design inevitable, especially in countries with costly earnings-related benefit arrangements. However, timely and successful adjustement is anything but guaranteed. Both cuts of pension benefits and increases in contribution levels are bound to be highly unpopular and entail massive political risks. Thus, pension politics these days is as much about adjusting pension arrangements to changing demographic and economic conditions as it is about overcoming widespread political resistance to reforms that impose tangible losses on large parts of the population. This study reveals striking differences in the extent to which pension policy makers were able to generate a sufficient political support basis for their reform initiatives. As a consequence, pension reform outcomes reach from successful restructuring of existing pension arrangements all the way down to instances of outright policy failure. By tracing the political process of pension reform in Austria, France, Germany, Italy and Sweden since the late 1980s the book also provides us with deeper insights about the factors that facilitate - or impede - social policy reforms in the context of fiscal austerity.
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spelling doab-20.500.12854ir-296462025-05-13T04:15:04Z The Reform of Bismarckian Pension Systems Schludi, Martin wetenschap algemeen popular science Pension reform has emerged as a major political issue in most advanced welfare states. Sluggish economic growth and rising unemployment put public pension systems under increasing financial pressure. In combination with a rapidly ageing population in the decades to come, these pressures render major adjustements in pension policy design inevitable, especially in countries with costly earnings-related benefit arrangements. However, timely and successful adjustement is anything but guaranteed. Both cuts of pension benefits and increases in contribution levels are bound to be highly unpopular and entail massive political risks. Thus, pension politics these days is as much about adjusting pension arrangements to changing demographic and economic conditions as it is about overcoming widespread political resistance to reforms that impose tangible losses on large parts of the population. This study reveals striking differences in the extent to which pension policy makers were able to generate a sufficient political support basis for their reform initiatives. As a consequence, pension reform outcomes reach from successful restructuring of existing pension arrangements all the way down to instances of outright policy failure. By tracing the political process of pension reform in Austria, France, Germany, Italy and Sweden since the late 1980s the book also provides us with deeper insights about the factors that facilitate - or impede - social policy reforms in the context of fiscal austerity. Een haperende economie, toenemende werkloosheid en vergrijzing zorgen voor een groeiende druk op de pensioenregelingen en vragen om een hervorming van het pensioensysteem. Op scherpzinnige wijze analyseert Martin Schludi in deze vergelijkende studie het politieke proces van de hervormingen in Frankrijk, Duitsland, Italië, Oostenrijk en Zweden vanaf de jaren '80. Schludi ontrafelt de complexe politieke en economische factoren die het succes bepalen van sociale beleidsveranderingen. Zo blijkt het verkrijgen van politieke steun ten grondslag te liggen aan een succesvolle hervorming van het pensioenstelsel. Casestudies van niet-succesvolle hervormingen laten zien hoe én waar het misgaat. Dit vierde deel in de serie "http://www.aup.nl/do.php?a=show_visitor_booklist&b=series&series=29">Changing Welfare States is een essentieel boek voor iedereen die zich bezighoudt met hervormingen van het pensioenbeleid. 2021-02-10T12:58:18Z 2010-12-31 23:55:55 2019-12-10 14:46:32 2020-04-01T15:34:29Z 2005 book 340209 OCN: 60814235 http://library.oapen.org/handle/20.500.12657/35137 9789053567401 https://directory.doabooks.org/handle/20.500.12854/29646 eng Changing Welfare States open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/35137/1/340209.pdf https://library.oapen.org/bitstream/20.500.12657/35137/1/340209.pdf https://library.oapen.org/bitstream/20.500.12657/35137/1/340209.pdf https://library.oapen.org/bitstream/20.500.12657/35137/1/340209.pdf https://library.oapen.org/bitstream/20.500.12657/35137/1/340209.pdf Amsterdam University Press 10.5117/9789053567401 10.5117/9789053567401 de2ecbe7-1037-4e96-8c3a-5a842d921e04 9789053567401 312 open access
spellingShingle wetenschap algemeen
popular science
Schludi, Martin
The Reform of Bismarckian Pension Systems
title The Reform of Bismarckian Pension Systems
title_full The Reform of Bismarckian Pension Systems
title_fullStr The Reform of Bismarckian Pension Systems
title_full_unstemmed The Reform of Bismarckian Pension Systems
title_short The Reform of Bismarckian Pension Systems
title_sort reform of bismarckian pension systems
topic wetenschap algemeen
popular science
topic_facet wetenschap algemeen
popular science
url 340209
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