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The open method of coordination on pensions
— an economic analysis of its effects on pension reforms | | Author(s) | Martina Eckardt |
| Journal title | Journal of European Social Policy, vol 15, no 3, August 2005 |
| Pages | pp 247-266 |
| Source | www.sagepublications.com |
| Keywords | Pensions ; Economics ; Social policy ; European Union ; Europe. |
| Annotation | This paper analyses the potential effects of the open method of coordination (OMC) on pension reforms in the European Union (EU). The first of two main results is that the OMC on pensions might foster yardstick competition by proving reliable benchmarks and by improving the quality and quantity of information about successful pension policies in other member states. However, remaining difficulties in defining indicators and with data availability have to be overcome to fully develop potential. The other main result is that the impact of OMC on national pension policy formation and thus on direct policy transfer will remain low. Although it provides additional input in the political decision-making process, it does not fundamentally alter the incentive structure of national political markets. Therefore, the OMC on pensions will not effectively reduce the obstacles to profound national pension reforms, but it may turn out to contribute to the development of a common EU social policy paradigm. (KJ/RH). |
| Accession Number | CPA-050912203 A |
| Classmark | JJ: W: TM2: WFC: 74 |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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