The ‘Modernization’ of Social Policy: a Critique of Pension Reforms

Jörg Huffschmid
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Jörg Huffschmid: University of Bremen

Chapter 6 in Economic Policy for a Social Europe, 2005, pp 70-81 from Palgrave Macmillan

Abstract: Abstract In this chapter the issue of the so-called ‘crises’ of the public pension systems is revised and assessed. The arguments in favour of the ‘modernization’ of the present public pension systems as well as those put forward enhancing the privatization of the pension systems are reviewed and evaluated. A number of counter-arguments are advanced, and an effort to disclose the true reasons for the reform is presented. The role of EU policy towards this issue is discussed. Conclusions are drawn about the fallacious nature of the arguments presented for the privatization of the pension systems.

Keywords: Stock Market; Social Policy; Financial Market; Pension Fund; Pension System (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52339-5_6

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DOI: 10.1057/9780230523395_6

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