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Introduction: Towards a New Regulatory State in Old-Age Security? Exploring the Issues

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The New Regulatory State

Part of the book series: Transformations of the State ((TRST))

Abstract

Are we currently witnessing the rise of a new regulatory state in the field of social security? The privatization of public utilities such as gas and water and the general liberalization of markets in European countries has led to extensive regulatory activities by national governments and the European Union (EU) since the 1980s (Majone, 1996). Can the expansion of private pension provision since the 1990s be seen as an extension of the principles of public utility privatization to welfare services and insurance? Or do we find that ‘welfare’ leaves its mark on regulatory policies, so that private welfare markets do not resemble utilities markets, but rather retain some of the characteristic differences in the relationship between the public and private sectors, the style of regulatory policy-making, and the goals pursued? This book inquires into the new regulatory policies and politics of private pensions — their nature, their rise, their limitations, and their repercussions.

[F]uture pension politics will focus on the regulatory role of government, a role, however, that will create no small measure of political conflict around issues of income security. (Myles and Pierson, 2001, p. 331)

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© 2011 Lutz Leisering

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Leisering, L., Mabbett, D. (2011). Introduction: Towards a New Regulatory State in Old-Age Security? Exploring the Issues. In: Leisering, L. (eds) The New Regulatory State. Transformations of the State. Palgrave Macmillan, London. https://doi.org/10.1057/9780230343504_1

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