Abstract
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
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