The Political Economy of Pension Financialisation - 9780367368357

Taylor & Francis

The Political Economy of Pension FinancialisationAuthor(s): Anke Hassel, Tobias Wi\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367368357, 978-0367368357\nSynopsis\nThe Political Economy of Pension Financialisation addresses for numerous countries how and why pension reforms have come to rely more on financial markets, how public policy reacted to financial crises, and regulatory variation. \n\nThe book demonstrates how the process of pension financialisation reveals that pension policy is not only a social policy that affects retirement income, but also a financial policy that impacts savings rates, corporate finance and the economy. The chapters shed light on pre-funded private pensions as one key component of financialisation, as they turn savings into investments via financial services providers. Readers will also see how pension financialisation and the broader financialisation of the economy are here to stay, despite.