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This paper uses the theory of "capital as power" to analyze the struggle over public pensions in the United States. While mainstream commentators claim that public pensions must be "reformed" because they are "under funded", I argue that the metrics used to make this argument are unsound....
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This paper examines thoroughly the Chilean Pension Reform, giving first an overview of the mandatory saving plan, the relevant institutions, and the rules for transition from the old to the new system. The main part of the paper contains a critical evaluation of the reform, in particular the...
Persistent link: https://www.econbiz.de/10009767697
This paper surveys the most significant problems of the pension systems of EU11 countries. These nations had to transform their old-age social security systems after replacing a state-socialist economic order with a capitalist one. Stressing common as well as specific features, our paper...
Persistent link: https://www.econbiz.de/10011537789
funded system as "privatization" of public pensions. …
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. Martin Feldstein’s pro-privatization rhetoric relative to Social Security is first analyzed. A subsequent comparison his … rhetoric to that of George W. Bush concludes that both the political and the economic rhetoric of Social Security privatization …. -- Social Security ; individual accounts ; privatization ; ideograph ; rhetoric ; Feldstein …
Persistent link: https://www.econbiz.de/10003844110
This paper analyses the effects of a pension system privatization in a unionized economy. Using an overlapping … state may result in lower levels of employment and capital stock. In this case even if the privatization increases the … employment then a Paretoimproving pension privatization scheme can be constructed. …
Persistent link: https://www.econbiz.de/10002523187
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