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Varieties of Capitalism and Pension Reform: Will the Riester Rente Transform the German Coordinated Market Economy?

Опубликовано на портале: 17-11-2008
Focus on Austria. 2003.  No. 2. P. 102-108. 
Тематический раздел:
The role of the pension system in coordinated market economies such as Germany is investigated within the framework of the “varieties of capitalism” literature. Complementarities are identified between a bank-based financial system and pay-as-you-go pension finance, and between the mode of economic governance in coordinated market economies and the organizational embeddedness of most occupational pension plans, which limits the financial market effects of the “Riester” reform.

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