Shifts in Public-Private Provision of Retirement Income

Abstract

In the midst of governmental budget battles in the late 20th century, many countries' public pension programs faced challenges. In some countries, private provision grew in importance, but shifts from public to private retirement income did not automatically occur. The author examined retirement income programs in Belgium, Canada, Denmark, and New Zealand from 1980 to 1995 to evaluate the components of pension programs, both public and private, that were or were not protected from cutbacks. The author explores ways in which the public sector cooperates with the nonpublic sectors to form retirement income policy in these four countries. He then evaluates the explanatory frameworks scholars use to study social policy change by examining parts of pension programs that were maintained and those that were reduced. The author suggests that some factors take on greater explanatory importance for the diminution and durability of pension programs when both public and private pension programs are considered.