Employment and retirement: reconstruction or paradigm shift?

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Published 20-12-2018
DOI https://doi.org/10.1387/lan-harremanak.20328
Arántzazu Vicente Palacio
Universidad Jaume I-Castellón
http://orcid.org/0000-0002-6559-4386

Abstract

Is the (financial) market the solution to the problems of the European Social Security systems that emerged after the Second World War? Based on a pay-as-you-go basis —the technical translation of the values of professional and intergenerational solidarity— they seem incapable of ensuring its future sustainability in the mid and long terms due to in-creased life expectancy, lower birth rates and high unemployment levels. This diagnosis is not new: economic difficulties have accompanied Social Security from its origins (DURAND, VENTURI). The novelty lies in the proposed solutions: an appeal, to a greater or lesser ex-tent, to the financial market, and in the social, parliamentary and citizen consensus that gives rise to this solution. This consensus is not coincidental: for years, global financial power has landed in most mass media to create a «unique» solution for the crisis of pay-as-you-go basis models its capitalization in the financial market.

How to Cite

Vicente Palacio, A. (2018). Employment and retirement: reconstruction or paradigm shift?. Lan Harremanak, (40). https://doi.org/10.1387/lan-harremanak.20328
Abstract 367 | PDF (Español) Downloads 311

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Keywords

Social Security, Mass Media, Capitalisation, Financial power, Invest-ment funds, pay-as-you-go, Old-age pension.

Issue
No. 40 (2018): Pensiones y Protección Social/ Pentsioak eta Gizarte Babesa.
Section
Monographic section

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