Centre for Policy on Ageing



The privatization of retirement income? — variation and trends in the income packages of old age pensioners
Author(s)	Axel West Pedersen
Journal title	Journal of European Social Policy, vol 14, no 1, February 2004
Pages	pp 5-24
Source	www.sagepublications.com
Keywords	Pensions ; Income [older people] ; Private pensions ; Private enterprise ; Social policy ; Comparison ; International.
Annotation	The changing balance is investigated between public and private components of pensioners' income packages in nine OECD countries: Australia, Canada, Denmark, the Netherlands, Norway, Sweden, the UK, Germany, and the US. Four waves of data from the Luxembourg Income Study databank are used to analyse the variation across countries and across time in the public/private mix of retirement income. The article seeks to answer two main questions. First, is there a general trend towards convergence in the balance between public and private income components? Second, is there evidence of a tendency for substitution or crowding out between public and private income components, and hence a tendency for cross-national convergence in the relative income position enjoyed by pensioners - despite variations in the generosity of national pension systems? (RH).
Accession Number	CPA-040311216 A
Classmark	JJ: JF: JK: W4D: TM2: 48: 72
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