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The Varieties of Pension Governance – Pension Privatization in Europe - Oxford Scholarship Online
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The Varieties of Pension Governance: Pension Privatization in Europe

Bernhard Ebbinghaus


The ongoing privatization of pensions – the shift from state to private responsibility for old age retirement income – raises fundamental issues of social and participatory rights. While pay-as-you-go-financed public pension systems face sustainability problems due to an ageing society, the recent financial crisis reveals the problematic nature of funded private pensions that fall short of expected returns. What have been the experiences in developed multipillar systems in providing adequate pensions for all? What can be learned for those pension systems currently under reform? This edited boo ... More

Keywords: Europe, pension reform, multipillar pension system, privatization, public–private mix, private pensions, institutional change, income inequality, financial crisis, pension fund governance

Bibliographic Information

Print publication date: 2011 Print ISBN-13: 9780199586028
Published to Oxford Scholarship Online: May 2011 DOI:10.1093/acprof:oso/9780199586028.001.0001


Affiliations are at time of print publication.

Bernhard Ebbinghaus, editor
Professor of Sociology, University of Mannheim
Author Webpage

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Part I Comparing Pension Privatization in Europe

Part II: Bismarckian Latecomers to Multipillar Pension Systems

5 Germany: Departing from Bismarckian Public Pensions

Bernhard Ebbinghaus, Mareike Gronwald, and Tobias Wiß

Part III Emergent Nordic Multipillar Pension Systems

9 Sweden: A Viable Public–Private Pension System1

Gabriella Sjögren Lindquist and Eskil Wadensjö

Part IV Mature Multipillar Pension Systems

Part V Comparing Pension Systems and their Outcome

End Matter