Tuytens, Pieter (2019) Countering financial interests for social purposes: what drives state intervention in pension markets in the context of financialisation? Journal of European Public Policy, 26 (4). pp. 560-578. ISSN 1350-1763
Full text not available from this repository.Abstract
Welfare financialisation creates conflicts between the social objectives of households and the commercial interests of financial welfare providers. This paper investigates under what conditions regulations’ that counter financial interests are more or less likely. It argues that our analytical focus should shift away from gauging the relative strength of organised interests or voter mobilisation, towards a better understanding of how policymakers play an independent role in shaping regulatory decisions in line with their own long-term objective: promoting private pension provision as an alternative to more extensive public provision. To support this argument, this paper examines a least-likely case study–namely the puzzling shift in the UK over the past two decades towards stricter regulation of the pension industry. Overall, the paper suggests that variation in regulatory decisions reflects the efforts by policymakers to balance the commercial viability and social-political stability of private pension provision.
| Item Type: | Article |
|---|---|
| Additional Information: | © 2019 Informa UK Limited, trading as Taylor & Francis Group |
| Divisions: | European Institute |
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HJ Public Finance |
| Date Deposited: | 06 Mar 2019 00:11 |
| Last Modified: | 11 Oct 2024 02:39 |
| URI: | http://eprints.lse.ac.uk/id/eprint/100195 |
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