Pension Fund Capitalism: The Privatization of Pensions in Developed and Developing Countries
This book examines the origins and consequences of so-called pension fund capitalism, which has spread around the world'since 1981, when the pension system was completely privatized in Chile. The author highlights the driving forces behind the privatization of pensions, its forms and tools used in practice, and the risks and costs related to private pensions.

The reader can also learn about the experiences of various developed countries (including the USA, Canada, Australia, and Germany), as well as Latin American (including Chile) and Eastern European countries, related to the privatization of pensions. Particular attention is paid to Poland as an example of a country where such privatization failed completely. This book provides a source of serious reflection on what this privatization has led to, what its real economic and social consequences are and what the likelihood is of reversing it and strengthening the public pension system.

Academic researchers and students of economics and finance, as well as social and political sciences, will find the book invaluable in understanding the problems arising from the privatization of pensions. It will also be of interest to professionals: institutions that shape or influence economic and social policy, including political parties, trade unions, non-governmental organizations, the media, and institutions operating on the financial market.

1140383870
Pension Fund Capitalism: The Privatization of Pensions in Developed and Developing Countries
This book examines the origins and consequences of so-called pension fund capitalism, which has spread around the world'since 1981, when the pension system was completely privatized in Chile. The author highlights the driving forces behind the privatization of pensions, its forms and tools used in practice, and the risks and costs related to private pensions.

The reader can also learn about the experiences of various developed countries (including the USA, Canada, Australia, and Germany), as well as Latin American (including Chile) and Eastern European countries, related to the privatization of pensions. Particular attention is paid to Poland as an example of a country where such privatization failed completely. This book provides a source of serious reflection on what this privatization has led to, what its real economic and social consequences are and what the likelihood is of reversing it and strengthening the public pension system.

Academic researchers and students of economics and finance, as well as social and political sciences, will find the book invaluable in understanding the problems arising from the privatization of pensions. It will also be of interest to professionals: institutions that shape or influence economic and social policy, including political parties, trade unions, non-governmental organizations, the media, and institutions operating on the financial market.

54.99 In Stock
Pension Fund Capitalism: The Privatization of Pensions in Developed and Developing Countries

Pension Fund Capitalism: The Privatization of Pensions in Developed and Developing Countries

by Leokadia Oreziak
Pension Fund Capitalism: The Privatization of Pensions in Developed and Developing Countries

Pension Fund Capitalism: The Privatization of Pensions in Developed and Developing Countries

by Leokadia Oreziak

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Overview

This book examines the origins and consequences of so-called pension fund capitalism, which has spread around the world'since 1981, when the pension system was completely privatized in Chile. The author highlights the driving forces behind the privatization of pensions, its forms and tools used in practice, and the risks and costs related to private pensions.

The reader can also learn about the experiences of various developed countries (including the USA, Canada, Australia, and Germany), as well as Latin American (including Chile) and Eastern European countries, related to the privatization of pensions. Particular attention is paid to Poland as an example of a country where such privatization failed completely. This book provides a source of serious reflection on what this privatization has led to, what its real economic and social consequences are and what the likelihood is of reversing it and strengthening the public pension system.

Academic researchers and students of economics and finance, as well as social and political sciences, will find the book invaluable in understanding the problems arising from the privatization of pensions. It will also be of interest to professionals: institutions that shape or influence economic and social policy, including political parties, trade unions, non-governmental organizations, the media, and institutions operating on the financial market.


Product Details

ISBN-13: 9781032078625
Publisher: Taylor & Francis
Publication date: 01/29/2024
Series: Routledge International Studies in Money and Banking
Pages: 184
Product dimensions: 6.12(w) x 9.19(h) x (d)

About the Author

Leokadia Oręziak, Ph.D., is a Full Professor of Economics and Finance, Head of the Department of International Finance at the World Economy Collegium, SGH-Warsaw School of Economics, and the author of numerous scientific publications in the field of pension systems, public finance, and European integration. Her book OFE – katastrofa prywatyzacji emerytur w Polsce (OFE – the Disaster of Privatization of Pensions in Poland) won the Economicus competition for the best Polish book of 2014 in the field of economics. She was a consultant to the Polish Parliament (Sejm) on bills regarding changes to the pension system. As a member of the Presidential Advisory Commission on the Pension System (in 2014–2015), she developed, in cooperation with CENDA (Santiago de Chile), a proposal on rebuilding the public PAYG pension system in Chile.

Table of Contents

1. Structure of pension systems 2. Neoliberalism as an ideological basis for pension fund capitalism 3. The supporters and instruments of pension privatization 4. Costs and risks associated with private pensions 5. The experience of different countries with pension fund capitalism 6. Poland as a case of pensions privatization failure 7. Conclusion: Pension fund capitalism – what next?
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