Public/Private Mix in Pensions in Europe: The Role of State, Market and Social Partners in Supplementary Pensions

Abstract

This Working Paper sheds light on the multi-dimensional and changing interplay between state, market institutions and social partners in relation to supplementary pension schemes, the importance of which is growing across Europe. The paper offers a lucid analysis of the responsibility shared among these three sets of actors to protect against the risk of old age by developing the provision of privately managed fully-funded schemes.