
Contents
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1 Introduction 1 Introduction
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2 Private Pensions and Public Policy: the Theory of the Convention 2 Private Pensions and Public Policy: the Theory of the Convention
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3 Occupation and Security 3 Occupation and Security
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4 Conclusions 4 Conclusions
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Notes Notes
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References References
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34 Private Pensions and Public Policy: The Public–Private Divide Reappraised
Get accessNoel Whiteside is Professor of Comparative Public Policy and Senior Fellow at the Institute of Governance and Public Management at Warwick University, UK. She works on labor markets and social security in historical and comparative perspective, including the public regulation of private systems. Recent publications include the co-edited Pension Security in the 21st Century (Oxford University Press, 2003) and numerous academic articles addressing income security in old age. Recent research, co-funded by government and Zurich Financial Services, has focused on European pension debates and the promotion of public value. She is currently writing a book on European welfare and the politics of capability. Address is Department of Sociology, University of Warwick, Coventry, CV4 7AL, UK. Email: [email protected]
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Published:02 September 2009
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Abstract
This article examines the assumptions on which the public–private division is based. In many respects, it might be argued that the debate over public versus private is irrelevant to the analysis of pension schemes and the current pension crisis. After all, in one way or another, the solution demands that we (collectively or singly) pay more and that future pensioners work longer or receive less. The following section shows how states, through the law, are deeply implicated in all market systems, which offer but one means of coordinating economic action. It is not possible to conceive of a market without rules, and the state, solely sovereign in this matter, governs market actions as much as it governs everything else. The second section of this article explores this proposition empirically and relates it to pension-policy developments in the decades following the Second World War. It outlines how governments adapted established private institutions (occupational and complementary pension systems) to public purposes in response to popular demand for higher pensions.
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