This Element examines the process of economic development of the last 50 years or so under the neoliberal model in terms of impacts on growth, inflation, income and wealth distribution and structural change. The analysis includes a historical perspective from the 19th century to the present and...

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...