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Constructing the public-private divide
 — historical perspectives and the politics of pension reform
Author(s)Noel Whiteside
Corporate AuthorOxford Institute of Ageing, University of Oxford; Help the Aged
PublisherOxford Institute of Ageing, Oxford, 2002
Pages24 pp (Working paper number WP102)
SourceOxford Institute of Ageing website: www.ageing.ox.ac.uk
KeywordsPensions ; Social policy ; Histories ; Comparison.
AnnotationIn contrast to many European countries, UK pension policy has long sought to preserve private pension provision, initially through the promotion of occupational pension schemes, and more recently with the development of state-sponsored personal pensions. This paper examines the record theoretically, historically and comparatively. It suggests that arguments favouring public choice as the basis for old age income security are inherently flawed, because they fail to recognise the role played by convention and law in sustaining and developing common knowledge and confidence - the essential bases for economic action on which individual choice relies. It offers an historical account of how public-private "partnerships" were first established in the UK in the 1960s. UK experience of earnings-related schemes are contrasted with European counterparts, to show how different conventions have shaped different roles for the state in earnings-related pension provision, resulting in varied typologies of public-private mix. (RH).
Accession NumberCPA-021210202 B
ClassmarkJJ: TM2: 6A: 48

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