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From Corporatism to Public Utilities: Workplace Pensions in the 21st Century

2011· article· en· W3123657884 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

fundA Canadian funder is recorded on the work.
no affNo Canadian affiliation: this work is invisible to an affiliation-only frame.
No Canadian affiliation. An affiliation-only frame, the usual design, would never have seen this work. It is one of the works that make the case for inverting the frame.

Bibliographic record

VenueGeographical Research · 2011
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicHousing, Finance, and Neoliberalism
Canadian institutionsnot available
FundersEconomic and Social Research CouncilEuropean University InstituteUniversity of TorontoUniversity of Oxford
KeywordsRetrenchmentEntitlement (fair division)Social securityWelfare stateValue (mathematics)EconomicsGovernment (linguistics)PensionPayrollState (computer science)UnemploymentLabour economicsBusinessPublic economicsMarket economyEconomic growthPolitical sciencePublic administrationFinanceAccountingPolitics

Abstract

fetched live from OpenAlex

Abstract For many Organisation for Economic Cooperation and Development countries, workplace pensions have been an important mechanism for supplementing state‐sponsored social security. Notwithstanding significant differences between developed economies in the significance attached to workplace pensions, provision has been typically encouraged through preferential tax policies on benefits and compensation packages. If relevant for the baby‐boom generation, it is doubtful that these arrangements will be as important for future generations. As state‐sponsored social security has been discounted in terms of promised value and entitlement, traditional workplace pensions have been closing and replaced by retirement saving instruments that are neither as lucrative nor as dependable. Retrenchment in workplace pensions has prompted governments to consider and, in some cases, develop different types of retirement savings institutions. This paper charts the decline of traditional workplace pensions, the apparent inadequacy of alternatives such as money‐purchase (defined contribution) schemes, and the rise of what are referred to as ‘public utilities’: government sponsored savings institutions designed to compensate for the decline (in coverage and promised value) of workplace pensions albeit at a more modest level than that associated with traditional defined benefit schemes. Reference is made to the experience of the USA, the UK, and Australia with passing comments of related developments in Germany and continental Europe. It is argued that the rise of public utilities in this domain is indicative of the transformation of corporate capitalism over the past 25 years and the realisation that the costs of neoliberalism may be so significant that governments have to take responsibility, once again, for underwriting retirement welfare.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.003
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesInsufficient payload (model declined to judge)
Consensus categoriesInsufficient payload (model declined to judge)
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.798
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0030.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.002
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0010.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0010.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.165
GPT teacher head0.305
Teacher spread0.140 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it