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Rent-seeking in private pensions : concentration, pricing and performance
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ISBN: 1137580348 1137580356 Year: 2016 Publisher: London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan,

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Abstract

This book argues that the implementation of compulsory, highly regulated, privately administered, defined contribution pensions facilitates rent-seeking behaviour on the part of the pension fund administrators and undermines the retirees’ income and well-being. While the book focuses primarily on Chile, its analysis and conclusions are applicable to several Latin American and Eastern European countries where privately administered pension systems have been implemented. Chapters evaluate the scholarly literature and empirical evidence around three aspects of the pension fund industry: structure, pricing and performance. The authors conclude that state regulation has facilitated the accumulation of capital in the hands of the pension fund administrators. They also demonstrate that these systems owe more to the values and principles of conservative philosophy than to neoliberalism in providing alternative solutions to the rent-seeking approach to retirement. Mark Hyde is a Reader in Work and Pensions at the University of Plymouth, UK. His most recent work on the privatisation of pensions has included several books and monographs:The Marketization of Social Security (2001), The Privatization of Mandatory Retirement Income Protection (2006), The Intergenerational Covenant (2010) and Classical Liberalism and Conservatism (2014). Silvia Borzutzky is a Teaching Professor at Carnegie Mellon University, USA. She has written extensively on Chilean politics and social security policies. She is the author of Vital Connections: Politics, Social Security and Inequality in Chile (2002), and co-editor of After Pinochet: The Chilean Road to Capitalism and Democracy (2006), and The Bachelet Government: Conflict and Consensus in Post-Pinochet Chile (2010).  .


Book
Retirement, pensions and justice : a philosophical analysis
Authors: ---
ISBN: 1137600667 1137600659 Year: 2017 Publisher: London : Palgrave Macmillan UK : Imprint: Palgrave Macmillan,

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Abstract

This book addresses the tendency to mischaracterise liberalism as a “neoliberal” reform project, arguing that liberal political philosophy is concerned only to sustain the conditions that make individual freedom possible. This is illustrated with reference to the design of pensions. Considered in terms of liberal justice, retirement systems require redistributive transfers to help the poor, measures to ensure that retirees are rewarded on their merits, and provisions that treat everyone with equal dignity and respect. Rather than presenting liberal pensions as a close analogue to neoliberalism, this volume highlights their egalitarian virtues. This book will appeal to scholars of retirement and pensions, social policy, economics and political philosophy.

Keywords

Finance. --- Social sciences --- Personal Finance/Wealth Management/Pension Planning. --- Social Philosophy. --- Philosophy. --- Old age pensions. --- Public welfare. --- Welfare state. --- State, Welfare --- Benevolent institutions --- Poor relief --- Public assistance --- Public charities --- Public relief --- Public welfare --- Public welfare reform --- Relief (Aid) --- Social welfare --- Welfare (Public assistance) --- Welfare reform --- Employees --- OASI (Old age and survivors insurance) --- Old age and survivors insurance --- Older people --- Retirement pensions --- Survivors' benefits (Old age pensions) --- Government policy --- Pensions --- Economic policy --- Social policy --- State, The --- Welfare economics --- Human services --- Social service --- Personal finance. --- Social sciences-Philosophy. --- Finance, Personal --- Financial management, Personal --- Financial planning, Personal --- Personal finance --- Personal financial management --- Personal financial planning --- Finance --- Financial literacy --- Planning --- pension scheme --- Liberalism --- political ideology --- retirement conditions --- social situation --- social inequality --- social policy --- pensioenvoorwaarden --- kushtet e daljes në pension --- betingelser for pension --- pensionēšanās nosacījumi --- förutsättningar för pension --- condiții de pensionare --- podmienky odchodu do dôchodku --- išėjimo į pensiją sąlygos --- condizione di pensionamento --- condition de la retraite --- услови за пензионирање --- eläke-ehdot --- condição de reforma --- услови за пензионисање --- nyugdíjazási feltételek --- warunki przejścia na emeryturę --- pensionitingimused --- podmínky pro odchod do důchodu --- uvjeti umirovljenja --- pogoji za upokojitev --- όροι συνταξιοδότησης --- Bedingungen für den Ruhestand --- condición de jubilación --- условия за пенсиониране --- kundizzjonijiet tal-irtirar --- nyugdíjkorhatár --- pensinis amžius --- pensionsålder --- vârstă de pensionare --- pensionsalder --- idade da reforma --- nyugdíjba vonulás feltételei --- počet odpracovaných let --- возраст за пензија --- συντάξιμη ηλικία --- pensioenleeftijd --- âge de la retraite --- eläkeikä --- reforma compulsiva --- pensioniiga --- uvjeti za mirovinu --- důchodový věk --- edad de jubilación --- pensionēšanās vecums --- години за пензионирање --- dôchodkový vek --- Rentenalter --- età per il pensionamento --- retirement age --- moshë e daljes në pension --- poliittinen ideologia --- politična ideologija --- politinė ideologija --- politische Ideologie --- ideologia politica --- ideologia política --- ideologji politike --- ideología política --- politická ideologie --- politická ideológia --- ideologie politică --- politieke ideologie --- πολιτική ιδεολογία --- idéologie politique --- политичка идеологија --- ideologia polityczna --- политическа идеология --- politikai ideológia --- politička ideologija --- politiskā ideoloģija --- politisk ideologi --- poliitiline ideoloogia --- ideolġija politika --- dottrina politica --- politiskā doktrīna --- политичка доктрина --- politická doktrína --- politische Doktrin --- politička doktrina --- doctrină politică --- politieke leer --- politické smýšlení --- doutrina política --- politický názor --- politische Auffassung --- politikai tan --- politikai doktrína --- politické přesvědčení --- poliittinen doktriini --- poliitiline doktriin --- ideologie --- πολιτική θεωρία --- doctrina política --- politisk doktrin --- politinė doktrina --- politieke doctrine --- politische Lehre --- credo politico --- doctrine politique --- political doctrine --- doktrinë politike --- liberalizam --- liberalisme --- либерализъм --- liberalizem --- liberalismus --- либерализам --- liberalismi --- libéralisme --- φιλελευθερισμός --- liberalism --- liberalizm --- Liberalismus --- liberalismo --- liberalizmus --- liberālisms --- liberalizmas --- Liberaliżmu --- liberalizëm --- neoliberalismo --- neoliberalisme --- neoliberalizam --- neoliberalizëm --- uusliberalismi --- νεοφιλελευθερισμός --- svobodomyslnost --- neoliberalizmas --- ultraliberalismo --- neoliberalizmus --- nyliberalism --- neo-liberalism --- nyliberalisme --- neoliberalismus --- neoliberalism --- uusliberalism --- неолиберализам --- néolibéralisme --- neoliberālisms --- Neoliberalismus --- eläkejärjestelmä --- pensionsordning --- regime pensionistico --- program emerytalny --- Altersversorgungssystem --- пензиони систем --- skema e pensioneve --- pensionssystem --- nyugdíjrendszer --- pensioenregeling --- scéim pinsean --- pensiju shēma --- régime de retraite --- důchodový plán --- mirovinski sustav --- skema ta’ pensjoni --- συνταξιοδοτικό σύστημα --- pokojninski načrt --- пенсионна схема --- dôchodkový plán --- plano de pensões --- plan de pensiones --- senatvės pensijų sistema --- пензиски систем --- sistem de pensii --- pensionisüsteem --- mirovina --- assicurazione per la vecchiaia --- occupational pension --- skema tal-pensjonijiet --- subsidio de vejez --- foglalkozási nyugdíj --- piano pensionistico --- dávkový plán --- ouderdomspensioen --- vecuma pensija --- pension --- magánnyugdíj --- schéma dôchodkového zabezpečenia --- σχέδιο συνταξιοδότησης --- régime de pension --- allocation vieillesse --- συνταξιοδότηση --- penzijní pojištění --- darbavietas pensija --- retraite --- Rentenversicherung --- väljateenitud pension --- vanaduspension --- seguro de vejez --- Altersruhegeld --- σύνταξη γήρατος --- alderdomspension --- Ruhegehaltsregelung --- pensionikindlustus --- alderdomsydelse --- senatvės pensija --- Altersversicherung --- mokslininko pensija --- Ruhegehalt --- State pension --- pjan pensjonali --- eläke --- пенсионнен план --- pensione di anzianità --- pensijų sistema --- emerytura --- työeläke --- пенсия за старост --- pensionsförsäkring --- regime de pensões --- старосна пензија --- pension i moshës --- pensione sociale --- důchodový program --- amžiaus pensija --- ouderdomsuitkering --- pensão de reforma --- starosna mirovina --- senatvės draudimo sistema --- pinsean scoir --- ametipension --- kansaneläke --- sochar scoir --- vanhuuseläke --- dôchodok --- starobný dôchodok --- vanaduskindlustus --- valstybinė pensija --- assegno di vecchiaia --- pension profesional --- profesinė pensija --- sistem pokojninskega zavarovanja --- nyugdíjprogram --- pinsean gairme --- subsídio de velhice --- pensione di vecchiaia --- pensionsplan --- pensión de vejez --- pension de vieillesse --- pension plan --- penzijní plán --- државна пензија --- pinsean ceirde --- pensiju plāns --- old age pension --- pensión de jubilación --- důchodové pojištění --- důchod --- öregségi nyugdíj --- Ruhegeld --- retirement pension --- seguro de velhice --- åldersförsäkring --- ασφάλεια γήρατος --- pensão de velhice --- állami nyugdíj --- folkepension --- pension de retraite --- prijevremena starosna mirovina --- riiklik pension --- pirmojo laipsnio valstybinė pensija --- plan de pensii --- pensioniskeem --- assurance vieillesse --- alderdomsforsikring --- pension shtetëror --- pensione per raggiunti limiti d'età --- štátny dôchodok --- επίδομα γήρατος --- pensie de bătrânețe --- ouderdomsverzekering --- dôchodok zo zamestnania --- indennità di vecchiaia --- pensie --- valsts pensija --- sociálna politika --- socijalna politika --- социјална политика --- sociaal beleid --- socialpolitik --- socialna politika --- sociālā politika --- szociálpolitika --- politique sociale --- politică socială --- sotsiaalpoliitika --- politikë sociale --- política social --- κοινωνική πολιτική --- politika soċjali --- politica sociale --- Sozialpolitik --- sociální politika --- socialinė politika --- sosiaalipolitiikka --- polityka społeczna --- социална политика --- socialplan --- socijalni plan --- planificación social --- pianificazione sociale --- planifikim social --- sociálny plán --- sosiaalipoliittinen suunnittelu --- sotsiaalpoliitiline kava --- planeamento social --- socialinis planas --- social planläggning --- szociális politika --- κοινωνικό πρόγραμμα --- κοινωνική πτυχή --- sociální program --- social planning --- sosiaalinen suunnitelma --- социјален план --- Gesellschaftspolitik --- sociālā programma --- sociale planning --- plano social --- social plan --- sociālā plānošana --- ühiskonnapoliitika --- socijalno planiranje --- социјално планирање --- sociaal plan --- sociální plánování --- piano sociale --- socialinis planavimas --- Sozialplan --- socialplanlægning --- sociálne plánovanie --- Sozialplanung --- szociális tervezés --- pacchetto sociale --- κοινωνική σκοπιά --- planification sociale --- κοινωνικός σχεδιασμός --- sotsiaalkava --- sociaal luik --- plan social --- desigualdade social --- друштвена неједнакост --- inechitate socială --- sociálna nerovnosť --- inégalité sociale --- pabarazi shoqërore --- desigualdad social --- društvena nejednakost --- sociale ongelijkheid --- socialna neenakost --- nierówność społeczna --- sociala skillnader --- social ulighed --- socialinė nelygybė --- yhteiskunnallinen eriarvoisuus --- disuguaglianza sociale --- inugwaljanza soċjali --- soziale Ungleichheit --- општествена нееднаквост --- sotsiaalne ebavõrdsus --- sociālā nevienlīdzība --- sociální nerovnost --- κοινωνική ανισότητα --- társadalmi egyenlőtlenség --- социално неравенство --- општествена хиерархија --- disparità sociale --- sociální stav --- situation sociale --- warunki społeczne --- социално положение --- sitwazzjoni soċjali --- друштвене прилике --- situație socială --- társadalmi helyzet --- sociale situatie --- soziale Lage --- sotsiaalne olukord --- sosiaalinen tilanne --- sociálna situácia --- situación social --- socijalne prilike --- situazione sociale --- situatë shoqërore --- sociālā situācija --- socialno stanje --- situação social --- општествена состојба --- socialinė padėtis --- κοινωνική κατάσταση --- κοινωνικοί παράγοντες --- social aspect --- sociální aspekt --- sociaal aspect --- aspekt social --- sociální situace --- sociálny aspekt --- socialinis požiūris --- socialinis aspektas --- warunki socjalne --- posizione sociale --- κοινωνικές συνθήκες --- општествено случување --- sotsiaalne aspekt --- socijalno stanje --- szociális helyzet --- social aspekt --- sosiaalinen näkökulma --- aspetto sociale --- socialt aspekt --- aspeto social --- aspecto social --- aspect social --- sociālais aspekts --- општествен аспект --- društveno stanje --- Altersgrenze --- Renteneintrittsalter --- Pension plans. --- Social sciences—Philosophy. --- Finance, Personal.


Digital
Rent-Seeking in Private Pensions : Concentration, Pricing and Performance
Authors: ---
ISBN: 9781137580351 Year: 2016 Publisher: London Palgrave Macmillan UK :Imprint: Palgrave Macmillan

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Abstract

This book argues that the implementation of compulsory, highly regulated, privately administered, defined contribution pensions facilitates rent-seeking behaviour on the part of the pension fund administrators and undermines the retirees’ income and well-being. While the book focuses primarily on Chile, its analysis and conclusions are applicable to several Latin American and Eastern European countries where privately administered pension systems have been implemented. Chapters evaluate the scholarly literature and empirical evidence around three aspects of the pension fund industry: structure, pricing and performance. The authors conclude that state regulation has facilitated the accumulation of capital in the hands of the pension fund administrators. They also demonstrate that these systems owe more to the values and principles of conservative philosophy than to neoliberalism in providing alternative solutions to the rent-seeking approach to retirement. Mark Hyde is a Reader in Work and Pensions at the University of Plymouth, UK. His most recent work on the privatisation of pensions has included several books and monographs:The Marketization of Social Security (2001), The Privatization of Mandatory Retirement Income Protection (2006), The Intergenerational Covenant (2010) and Classical Liberalism and Conservatism (2014). Silvia Borzutzky is a Teaching Professor at Carnegie Mellon University, USA. She has written extensively on Chilean politics and social security policies. She is the author of Vital Connections: Politics, Social Security and Inequality in Chile (2002), and co-editor of After Pinochet: The Chilean Road to Capitalism and Democracy (2006), and The Bachelet Government: Conflict and Consensus in Post-Pinochet Chile (2010). .


Digital
Retirement, Pensions and Justice : A Philosophical Analysis
Authors: ---
ISBN: 9781137600660 Year: 2017 Publisher: London Palgrave Macmillan UK :Imprint: Palgrave Macmillan

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Abstract

This book addresses the tendency to mischaracterise liberalism as a “neoliberal” reform project, arguing that liberal political philosophy is concerned only to sustain the conditions that make individual freedom possible. This is illustrated with reference to the design of pensions. Considered in terms of liberal justice, retirement systems require redistributive transfers to help the poor, measures to ensure that retirees are rewarded on their merits, and provisions that treat everyone with equal dignity and respect. Rather than presenting liberal pensions as a close analogue to neoliberalism, this volume highlights their egalitarian virtues. This book will appeal to scholars of retirement and pensions, social policy, economics and political philosophy.


Book
Comparing How Various Nations Administer Retirement Income : Essays on Social Security
Authors: ---
ISBN: 077342198X Year: 2010 Publisher: Lewiston : The Edwin Mellen Press,

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Abstract

This book makes an innovative contribution to the field of retirement income security in three distinctive ways. First, it seeks to develop a sophisticated philosophical rationale for the social dimension, in the context of retirement. Such a rationale is frequently implicit in much of the relevant literature, and where explicit, is often crudely developed. Second, it seeks to identify robustly the ways in which specific forms of privatisation promote outcomes that are consistent with the social dimension, whilst acknowledging the possibility of market failure. Third, it seeks to provide an ag

The marketization of social security
Authors: ---
ISBN: 1567203256 0313000557 9780313000553 9781567203257 9798400683084 Year: 2001 Publisher: Westport, Conn. : London : Praeger, Bloomsbury Publishing,

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Much could be gained from the privatization of social security, but can the gains be delivered? This work takes a look at social security privatization; at the present situation and at what the future holds. The authors examine the experiences of other areas such as Europe and Latin America.

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