Comparative Public Finance: Sustainability and Political Feasibility of Pension Reforms
type: CreativeWork
description: In recent decades, many societal changes have unfolded, including population ageing, reconfigurations of household structures, labour market transformation, and a secular deceleration of economic growth. These shifts pose considerable challenges to preexisting welfare states, particularly to the efficacy of countries’ pension systems. This dissertation examines the context and trajectory of pension reforms in Mexico, the United Kingdom, and the United States. Its contribution is to ascertain the viability and political feasibility of reforms that enhance the financial sustainability of their pension systems, while maintaining adequate income and coverage levels. The dissertation builds on political economy approaches and on the institutionalist literature, which highlight how the role of interest groups and structure of institutions and political systems shape policy outcomes. The frameworks of blame avoidance and credit-claiming are also considered, to provide a comprehensive analysis of the complex dynamics surrounding pension systems and reform efforts. This dissertation uses a mixed-methods approach – including public opinion surveys of 3,000+ individuals, semi-structured elite interviews, historical document analyses, and specialized fiscal and actuarial projections of selected pension reforms in the three selected countries. It addresses three core research questions: 1) What is the current context for pension reform in Mexico, the United Kingdom, and the United States given their histories? 2) Is the necessary (for achieving specific minimum levels of sustainability, adequacy, and coverage) pension reform politically feasible? 3) How do the characteristics of each reform affect its political feasibility? Corollary: The modification of which channel (benefits, contributions, retirement age) is perceived as more politically feasible for diverse stakeholders? The methodology chosen provides a timely picture of the context surrounding potential pension reforms in…
abstract: In recent decades, many societal changes have unfolded, including population ageing, reconfigurations of household structures, labour market transformation, and a secular deceleration of economic growth. These shifts pose considerable challenges to preexisting welfare states, particularly to the efficacy of countries’ pension systems. This dissertation examines the context and trajectory of pension reforms in Mexico, the United Kingdom, and the United States. Its contribution is to ascertain the viability and political feasibility of reforms that enhance the financial sustainability of their pension systems, while maintaining adequate income and coverage levels. The dissertation builds on political economy approaches and on the institutionalist literature, which highlight how the role of interest groups and structure of institutions and political systems shape policy outcomes. The frameworks of blame avoidance and credit-claiming are also considered, to provide a comprehensive analysis of the complex dynamics surrounding pension systems and reform efforts. This dissertation uses a mixed-methods approach – including public opinion surveys of 3,000+ individuals, semi-structured elite interviews, historical document analyses, and specialized fiscal and actuarial projections of selected pension reforms in the three selected countries. It addresses three core research questions: 1) What is the current context for pension reform in Mexico, the United Kingdom, and the United States given their histories? 2) Is the necessary (for achieving specific minimum levels of sustainability, adequacy, and coverage) pension reform politically feasible? 3) How do the characteristics of each reform affect its political feasibility? Corollary: The modification of which channel (benefits, contributions, retirement age) is perceived as more politically feasible for diverse stakeholders? The methodology chosen provides a timely picture of the context surrounding potential pension reforms in…
author: Gomezgil Yaspik, Vianney
language: eng
keywords: Adequacy, Coverage, Institutionalism, New social risks, Pensions, Political Economy, Political Feasibility, Sustainability
license: https://apollo8-f-pro.lib.cam.ac.uk/bitstreams/5b68d415-50d3-47b2-9b31-dbd0aa944d5d/download
license: https://www.rioxx.net/licenses/all-rights-reserved/
date published: 2023-07-01
date modified: 2026-07-22T22:24:32Z
provider: Cambridge University
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University of Cambridge

PropertyValue
property ID: DOI
value: 10.17863/CAM.102122