The retirement puzzle -- Capitalist crisis and pension insecurity -- Reconversion and the origin of bargained plans -- Turning labor into finance capital -- Toward the 401(k) ownership society -- Conclusions.
Summary
Why has old-age security become less solidaristic and increasingly tied to risky capitalist markets? Drawing on rich archival data that covers more than 50 years of American history, Michael A. McCarthy argues that the critical driver was policymakers' reactions to capitalist crises and their political imperative to promote capitalist growth.
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