Pension Fund Capitalism: The Privatization of Pensions in Developed and Developing Countries

This book examines the origins and consequences of so-called pension fund capitalism. The author highlights the driving forces behind the privatization of pensions, its forms and tools used in practice, and the risks and costs related to private pensions.

Leokadia Oręziak, Ph.D., is a Full Professor of Economics and Finance, Head of the Department of International Finance at the World Economy Collegium, SGH-Warsaw School of Economics, and the author of numerous scientific publications in the field of pension systems, public finance, and European integration. Her book OFE - katastrofa prywatyzacji emerytur w Polsce (OFE - the Disaster of Privatization of Pensions in Poland) won the Economicus competition for the best Polish book of 2014 in the field of economics. She was a consultant to the Polish Parliament (Sejm) on bills regarding changes to the pension system. As a member of the Presidential Advisory Commission on the Pension System (in 2014-2015), she developed, in cooperation with CENDA (Santiago de Chile), a proposal on rebuilding the public PAYG pension system in Chile.