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The Privatization of Israel pp 101–121Cite as

Palgrave Macmillan

Pension Privatization in Israel

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Abstract

More than twenty years have passed since the World Bank published its influential report ‘Averting the Old Age Crisis’ recommending countries to adopt a privatized pillar in their pension systems. The case study of Israel, which adopted the recommendations, enables an evaluation of a pension privatization which followed these recommendations. The case study of Israel shows that privatization leads to inequality: inequality of benefits, inequality of services, and inequality of pension coverage. The chapter suggests that appropriate regulation, as well as an inclusive process of pension reform (including consultations with unions, employers and NGOs), may alleviate the system’s problems.

This chapter is based on: Lurie (2015, in Hebrew).

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Author information

Authors and Affiliations

  1. Department of Labor Studies, Tel Aviv University, Tel Aviv-Yafo, Israel

    Lilach Lurie

Authors
  1. Lilach Lurie
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Correspondence to Lilach Lurie .

Editor information

Editors and Affiliations

  1. Sussex Law School, University of Sussex, Brighton, UK

    Amir Paz-Fuchs

  2. School of Political Science, Government and International Affairs, Tel Aviv University, Tel Aviv-Yafo, Israel

    Ronen Mandelkern

  3. The Van Leer Jerusalem Institute, Jerusalem, Israel

    Itzhak Galnoor

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Cite this chapter

Lurie, L. (2018). Pension Privatization in Israel. In: Paz-Fuchs, A., Mandelkern, R., Galnoor, I. (eds) The Privatization of Israel. Palgrave Macmillan, New York. https://doi.org/10.1057/978-1-137-58261-4_5

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