IDEAS home Printed from https://ideas.repec.org/b/oxp/obooks/9780199253647.html
   My bibliography  Save this book

European Pensions & Global Finance

Author

Listed:
  • Clark, Gordon L.

    (Halford Mackinder Professor of Geography and Fellow of the Said Business School, University of Oxford)

Abstract

This book is about the demographic and funding crises that threaten continental European systems of pension and retirement income. The author argues that state-sponsored social security will not deliver promised retirement incomes for the baby-boom generation; European monetary union and the imperatives of global finance has made such promises untenable thereby undercutting nation-state social solidarity. Globalization has set many challenges for European countries, not least of which is providing pension security for their citizens. At the same time, global finance has opened-up options for corporations and individuals seeking alternatives to the past; but exercising those opportunities will come at a high cost for European notions of social justice. Drawing upon original research, the author considers (1) the dimensions of the pending European retirement income funding crisis, noting the economic and political forces involved in debates over possible solutions; (2) Current country-specific models of pensions provision, making the connection between social security and supplementary pensions; (3) The allocation of risks between individuals, markets, and institutions emphasizing the tensions between social solidarity and the market in France, Germany, the Netherlands, and the United Kingdom; (4) And finally, the prospects for a pan-European approach to retirement income provision.

Suggested Citation

  • Clark, Gordon L., 2003. "European Pensions & Global Finance," OUP Catalogue, Oxford University Press, number 9780199253647.
    • Handle: RePEc:oxp:obooks:9780199253647
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. James Faulconbridge & Ewald Engelen & Michael Hoyler & Jonathan Beaverstock, 2007. "Analysing the Changing Landscape of European Financial Centres: The Role of Financial Products and the Case of Amsterdam," Growth and Change, Wiley Blackwell, vol. 38(2), pages 279-303, June.
    2. Gordon L Clark, 2002. "Country of Residence and Pension Entitlement: The Arbitrary Geography of UK Legal Formalism," Environment and Planning A, , vol. 34(12), pages 2102-2106, December.
    3. Anderson, Karen M., 2008. "The politics of multipillar pension restructuring in Denmark, the Netherlands and Switzerland," Discussion Papers, Research Unit: Inequality and Social Integration SP I 2008-205, WZB Berlin Social Science Center.
    4. José Corpataux & Olivier Crevoisier & Thierry Theurillat, 2009. "The Expansion of the Finance Industry and Its Impact on the Economy: A Territorial Approach Based on Swiss Pension Funds," Economic Geography, Taylor & Francis Journals, vol. 85(3), pages 313-334, July.
    5. Tessa Hebb & Dariusz Wójcik, 2005. "Global Standards and Emerging Markets: The Institutional-Investment Value Chain and the CalPERS Investment Strategy," Environment and Planning A, , vol. 37(11), pages 1955-1974, November.
    6. Gordon L Clark & Dariusz Wójcik, 2005. "Path Dependence and Financial Markets: The Economic Geography of the German Model, 1997–2003," Environment and Planning A, , vol. 37(10), pages 1769-1791, October.
    7. Gordon L. Clark & Stephen Almond & Kendra Strauss, 2012. "The Home, Pension Savings and Risk Aversion: Intentions of the Defined Contribution Pension Plan Participants of a London-based Investment Bank at the Peak of the Bubble," Urban Studies, Urban Studies Journal Limited, vol. 49(6), pages 1251-1273, May.
    8. Thierry Theurillat & Jose Corpataux & Olivier Crevoisier, 2006. "The Financialization of the Property Sector: the Case of the Swiss Pension Trusts (1994-2005)," ERSA conference papers ersa06p118, European Regional Science Association.
    9. Gordon L Clark, 2003. "Pension Security in the Global Economy: Markets and National Institutions in the 21st Century," Environment and Planning A, , vol. 35(8), pages 1339-1356, August.
    10. Gordon L. Clark, 2014. "Roepke Lecture in Economic Geography—Financial Literacy in Context," Economic Geography, Clark University, vol. 90(1), pages 1-23, January.
    11. Thierry Theurillat & José Corpataux & Olivier Crevoisier, 2008. "The Impact of Institutional Investors on Corporate Governance: A View of Swiss Pension Funds in a Changing Financial Environment," GRET Publications and Working Papers 12-08, GRET Group of Research in Territorial Economy, University of Neuchâtel.
    12. Gordon L. Clark, 2016. "The Components of Talent: Company Size and Financial Centres in the European Investment Management Industry," Regional Studies, Taylor & Francis Journals, vol. 50(1), pages 168-181, January.
    13. Haigh, Matthew & de Graaf, Frank Jan, 2009. "The implications of reform-oriented investment for regulation and governance," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 20(3), pages 399-417.
    14. Gordon L Clark & Roger Urwin, 2008. "Best-practice pension fund governance," Journal of Asset Management, Palgrave Macmillan, vol. 9(1), pages 2-21, May.
    15. David Bassens & Michiel van Meeteren & Ben Derudder & Frank Witlox, 2013. "No More Credit to Europe? Cross-Border Bank Lending, Financial Integration, and the Rebirth of the National Scale as a Credit Scorecard," Environment and Planning A, , vol. 45(10), pages 2399-2419, October.
    16. Neil Wrigley & Andrew Currah & Steve Wood, 2003. "Investment Bank Analysts and Knowledge in Economic Geography," Environment and Planning A, , vol. 35(3), pages 381-387, March.
    17. Susan Christopherson & Gordon L. Clark & John Whiteman, 2015. "Introduction: the Euro crisis and the future of Europe," Journal of Economic Geography, Oxford University Press, vol. 15(5), pages 843-853.
    18. Gordon L Clark, 2012. "Pensions or Property?," Environment and Planning A, , vol. 44(5), pages 1185-1199, May.
    19. Gordon L Clark, 2003. "Comment on Ewald Engelen: The European Model is Unsustainable," Environment and Planning A, , vol. 35(8), pages 1373-1376, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oxp:obooks:9780199253647. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Economics Book Marketing (email available below). General contact details of provider: http://www.oup.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.