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Welfare Reform on the Web (Summer 2003): Pensions - Overseas

EUROPE'S AGEING POPULATION REVOLTS AT LONGER WORK AND LOWER PENSIONS

I. Traynor and J. Henley

The Guardian, June 11th 2003, p.13

After protests in France, Italy and Austria over planned pension reforms, the article looks at the sustainability of pay-as-you-go state pensions in which those in work pay the pensions of the retired.

PUBLIC PENSION PRIVATIZATION: NEO-CLASSICAL ECONOMIES, DECISION RISKS AND WELFARE IDEOLOGY

J. Dixon and M. Hyde

International Journal of Social Economics, Vol. 30, 2003, p.633-650

Neoclassical economics has driven the global public pension privatisation agenda, but has little impact on the design and implementation of these reforms. In designing new systems, policy makers have instead drawn on contemporary welfare ideologies. National governments have adopted more ideological approaches to public pension privatisation. All three are to varying degrees consistent with values of community solidarity, social cohesion and citizenship rights, which are seen by policy makers as being preferable to the values of individual responsibility, freedom of choice and contractual rights that underpin the reform approach of neo-classical economics.

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