Gary Anderson
Olivia S. Mitchell (ed.)
- Published in print:
- 2009
- Published Online:
- February 2010
- ISBN:
- 9780199573349
- eISBN:
- 9780191721946
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199573349.001.0001
- Subject:
- Business and Management, Public Management, Pensions and Pension Management
People covered by public pensions are often the subject of ‘pension envy’, that is, their benefits might seem more generous and their contributions lower than those offered by the private sector. Yet ...
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People covered by public pensions are often the subject of ‘pension envy’, that is, their benefits might seem more generous and their contributions lower than those offered by the private sector. Yet this book points out that such judgments are often inaccurate, since civil servants hold jobs with few counterparts in private industry, such as firefighters, police, judges, and teachers. Often these are riskier, dirtier, and demand more loyalty and discretion than would be required of a more mobile labour force in the private sector. The debate challenges traditional ideas about how the public employee labour contract is structured and raises questions about how such employees are attracted to the public sector, retained and motivated on the job, and retired, via an entire compensation package of wages and benefits. This book explores aspects of these schemes, addressing the cost and valuation debate, along with the political economy of how public pension asset pools are perceived and managed. The discussion also explores ways that public pensions can be strengthened in the US, Japan, Canada, and Germany.Less
People covered by public pensions are often the subject of ‘pension envy’, that is, their benefits might seem more generous and their contributions lower than those offered by the private sector. Yet this book points out that such judgments are often inaccurate, since civil servants hold jobs with few counterparts in private industry, such as firefighters, police, judges, and teachers. Often these are riskier, dirtier, and demand more loyalty and discretion than would be required of a more mobile labour force in the private sector. The debate challenges traditional ideas about how the public employee labour contract is structured and raises questions about how such employees are attracted to the public sector, retained and motivated on the job, and retired, via an entire compensation package of wages and benefits. This book explores aspects of these schemes, addressing the cost and valuation debate, along with the political economy of how public pension asset pools are perceived and managed. The discussion also explores ways that public pensions can be strengthened in the US, Japan, Canada, and Germany.
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The Persuasion Industries
Lost Glory
From Taverns to Gastropubs
A Better Way of Doing Business?
Taking Advantage of Emergence
The Architecture of Collapse
Trust in a Complex World
Performance and Progress
