Christopher Hood, Oliver James, George Jones, Colin Scott, and Tony Travers
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780198280996
- eISBN:
- 9780191599491
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198280998.001.0001
- Subject:
- Political Science, UK Politics
Regulation Inside Government analyses the army of inspectors, auditors, grievance‐chasers, standard‐setters, and other bodies overseeing contemporary public organizations. On the basis ...
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Regulation Inside Government analyses the army of inspectors, auditors, grievance‐chasers, standard‐setters, and other bodies overseeing contemporary public organizations. On the basis of a pioneering two‐year inside study of British Government by a team of leading scholars, this book provides an original analytical perspective on regulation within government. Given the limitations of orthodox constitutional checks on executive government, the courts, and elected politicians, regulation inside government deserves more attention than it has hitherto received. As one of the first comprehensive accounts of regulation inside government, this book begins to fill the gap. The empirical data for the study sets out the full range of modes of control applied to the public sector. The authors examine the relationship between formal oversight, of the traditional regulatory sort, with other forms of control based on competition, mutuality, and contrived randomness. They conclude that there is a failure in contemporary public management to deploy each of these modes of control to their full potential.Less
Regulation Inside Government analyses the army of inspectors, auditors, grievance‐chasers, standard‐setters, and other bodies overseeing contemporary public organizations. On the basis of a pioneering two‐year inside study of British Government by a team of leading scholars, this book provides an original analytical perspective on regulation within government. Given the limitations of orthodox constitutional checks on executive government, the courts, and elected politicians, regulation inside government deserves more attention than it has hitherto received. As one of the first comprehensive accounts of regulation inside government, this book begins to fill the gap. The empirical data for the study sets out the full range of modes of control applied to the public sector. The authors examine the relationship between formal oversight, of the traditional regulatory sort, with other forms of control based on competition, mutuality, and contrived randomness. They conclude that there is a failure in contemporary public management to deploy each of these modes of control to their full potential.
James W. Cortada
- Published in print:
- 2007
- Published Online:
- January 2008
- ISBN:
- 9780195165869
- eISBN:
- 9780199868025
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195165869.003.0010
- Subject:
- Business and Management, Business History
This chapter addresses the various issues raised in this book. It also identifies patterns of behavior and extracts lessons, finally situating the role of IT of the public sector into the broader ...
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This chapter addresses the various issues raised in this book. It also identifies patterns of behavior and extracts lessons, finally situating the role of IT of the public sector into the broader experiences of modern American society. Topics discussed include the public sector as a galaxy of industries, how the digital hand changed the work of government and education, IT adoption patterns, and the role of the public sector as creator of today's economy.Less
This chapter addresses the various issues raised in this book. It also identifies patterns of behavior and extracts lessons, finally situating the role of IT of the public sector into the broader experiences of modern American society. Topics discussed include the public sector as a galaxy of industries, how the digital hand changed the work of government and education, IT adoption patterns, and the role of the public sector as creator of today's economy.
James W. Cortada
- Published in print:
- 2007
- Published Online:
- January 2008
- ISBN:
- 9780195165869
- eISBN:
- 9780199868025
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195165869.001.0001
- Subject:
- Business and Management, Business History
This book, the third of three volumes, completes the sweeping survey of the effect of computers on American industry began in the first volume and continued in the second volume. It turns finally to ...
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This book, the third of three volumes, completes the sweeping survey of the effect of computers on American industry began in the first volume and continued in the second volume. It turns finally to the public sector, examining how computers have fundamentally changed the nature of work in government and education. This book goes far beyond generalizations about the Information Age to the specifics of how industries have functioned, now function, and will function in the years to come. The book provides a broad overview of computing's and telecommunications' role in the entire public sector, including federal, state, and local governments, and in K-12 and higher education. Beginning in 1950, when commercial applications of digital technology began to appear, the book examines the unique ways different public sector industries adopted new technologies, showcasing the manner in which their innovative applications influenced other industries, as well as the US economy as a whole. The book builds on the surveys presented in the first volume, which examined sixteen manufacturing, process, transportation, wholesale and retail industries, and the second volume, which examined over a dozen financial, telecommunications, media, and entertainment industries. This book completes the trilogy and provides a picture of what the infrastructure of the Information Age really looks like and how we got there.Less
This book, the third of three volumes, completes the sweeping survey of the effect of computers on American industry began in the first volume and continued in the second volume. It turns finally to the public sector, examining how computers have fundamentally changed the nature of work in government and education. This book goes far beyond generalizations about the Information Age to the specifics of how industries have functioned, now function, and will function in the years to come. The book provides a broad overview of computing's and telecommunications' role in the entire public sector, including federal, state, and local governments, and in K-12 and higher education. Beginning in 1950, when commercial applications of digital technology began to appear, the book examines the unique ways different public sector industries adopted new technologies, showcasing the manner in which their innovative applications influenced other industries, as well as the US economy as a whole. The book builds on the surveys presented in the first volume, which examined sixteen manufacturing, process, transportation, wholesale and retail industries, and the second volume, which examined over a dozen financial, telecommunications, media, and entertainment industries. This book completes the trilogy and provides a picture of what the infrastructure of the Information Age really looks like and how we got there.
Christopher Hood, Colin Scott, Oliver James, George Jones, and Tony Travers
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780198280996
- eISBN:
- 9780191599491
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198280998.003.0002
- Subject:
- Political Science, UK Politics
Sets out the results of the quantitative assessment of regulation inside government in the UK and refers to the detailed table of budget and staffing levels contained in Appendix 2. It offers a ...
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Sets out the results of the quantitative assessment of regulation inside government in the UK and refers to the detailed table of budget and staffing levels contained in Appendix 2. It offers a method for defining what is meant by the term ‘public sector’, which is then deployed to capture the whole set of central regulators of public sector bodies. The pattern of growth in staffing and budgets over a 20‐year period point to nearly exponential growth in regulation inside government, and through highly diverse forms of oversight institution that include auditors, inspectorates, ombudsman, and central agencies.Less
Sets out the results of the quantitative assessment of regulation inside government in the UK and refers to the detailed table of budget and staffing levels contained in Appendix 2. It offers a method for defining what is meant by the term ‘public sector’, which is then deployed to capture the whole set of central regulators of public sector bodies. The pattern of growth in staffing and budgets over a 20‐year period point to nearly exponential growth in regulation inside government, and through highly diverse forms of oversight institution that include auditors, inspectorates, ombudsman, and central agencies.
Roger Undy
- Published in print:
- 2008
- Published Online:
- September 2008
- ISBN:
- 9780199544943
- eISBN:
- 9780191719936
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199544943.003.0006
- Subject:
- Business and Management, HRM / IR
The potential for amalgamations to transform union organization is discussed before outlining the main characteristics of the ten amalgamated and two aborted amalgamations at the heart of the study. ...
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The potential for amalgamations to transform union organization is discussed before outlining the main characteristics of the ten amalgamated and two aborted amalgamations at the heart of the study. Amalgamations involving primarily private sector unions are considered prior to exploring amalgamations organized by unions concentrated in the public sector. The different factors motivating the partner unions are assessed by reference to their job territories; political objectives and means; democratic ethos and government; administration; and leaders' imperatives. Merger objectives and strategies are found to vary between partner unions in some significant respects.Less
The potential for amalgamations to transform union organization is discussed before outlining the main characteristics of the ten amalgamated and two aborted amalgamations at the heart of the study. Amalgamations involving primarily private sector unions are considered prior to exploring amalgamations organized by unions concentrated in the public sector. The different factors motivating the partner unions are assessed by reference to their job territories; political objectives and means; democratic ethos and government; administration; and leaders' imperatives. Merger objectives and strategies are found to vary between partner unions in some significant respects.
Timothy Besley and Maitreesh Ghatak
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780195305197
- eISBN:
- 9780199783519
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0195305191.003.0019
- Subject:
- Economics and Finance, Development, Growth, and Environmental
Despite overwhelming evidence that a large fraction of government expenditure on the provision of public goods in developing countries does not reach the intended beneficiaries, public policy debates ...
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Despite overwhelming evidence that a large fraction of government expenditure on the provision of public goods in developing countries does not reach the intended beneficiaries, public policy debates often continue to revolve around “how much?” (i.e., how much money is spent by the government on some particular public good). Clearly, the question to ask is “how?” (i.e., how to design effective mechanisms for the delivery of public goods). This is the main theme of this essay. It discusses different kinds of public goods that are vital to the poor and the evidence of their value; the spontaneous or voluntary private provision of public goods by the beneficiaries; and the formal provision of public goods where the government or some other organization is in charge of providing the public good, with special emphasis on institution design issues.Less
Despite overwhelming evidence that a large fraction of government expenditure on the provision of public goods in developing countries does not reach the intended beneficiaries, public policy debates often continue to revolve around “how much?” (i.e., how much money is spent by the government on some particular public good). Clearly, the question to ask is “how?” (i.e., how to design effective mechanisms for the delivery of public goods). This is the main theme of this essay. It discusses different kinds of public goods that are vital to the poor and the evidence of their value; the spontaneous or voluntary private provision of public goods by the beneficiaries; and the formal provision of public goods where the government or some other organization is in charge of providing the public good, with special emphasis on institution design issues.
B. Guy Peters
- Published in print:
- 2003
- Published Online:
- November 2003
- ISBN:
- 9780199250158
- eISBN:
- 9780191599439
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199250154.003.0007
- Subject:
- Political Science, European Union
The title of this chapter reflects an important question about the contemporary development of public administration and its role within the contemporary state. It is clear that the public sectors in ...
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The title of this chapter reflects an important question about the contemporary development of public administration and its role within the contemporary state. It is clear that the public sectors in most contemporary European countries have been through some process of administrative reform, and that the traditional public bureaucratic (Weberian) sector has been, to a great extent, dismantled. The character of the emergent system for governing is not always clear, but the question posed by the reforms that have taken place is whether that earlier version of government can, or should, in any way be recaptured. The implicit and explicit argument is that a good deal of value has been lost through these changes in the style of governing, but that it may well be impossible (and undesirable) to rebuild anything approximating the older version of the state and the public bureaucracy. The different sections of the chapter look at the Weberian state (and other forms of bureaucratic government), critiques of the Weberian model, the dismantling administrative reforms of the 1980s and 1990s, and the issue of putting back together the Weberian state.Less
The title of this chapter reflects an important question about the contemporary development of public administration and its role within the contemporary state. It is clear that the public sectors in most contemporary European countries have been through some process of administrative reform, and that the traditional public bureaucratic (Weberian) sector has been, to a great extent, dismantled. The character of the emergent system for governing is not always clear, but the question posed by the reforms that have taken place is whether that earlier version of government can, or should, in any way be recaptured. The implicit and explicit argument is that a good deal of value has been lost through these changes in the style of governing, but that it may well be impossible (and undesirable) to rebuild anything approximating the older version of the state and the public bureaucracy. The different sections of the chapter look at the Weberian state (and other forms of bureaucratic government), critiques of the Weberian model, the dismantling administrative reforms of the 1980s and 1990s, and the issue of putting back together the Weberian state.
Neil Gilbert
- Published in print:
- 2002
- Published Online:
- April 2004
- ISBN:
- 9780195140743
- eISBN:
- 9780199834921
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0195140745.003.0005
- Subject:
- Political Science, Comparative Politics
An account is given of the movement towards the privatization of social welfare activity that has taken place since the mid 1980s. Various aspects of this are discussed: the different paths that have ...
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An account is given of the movement towards the privatization of social welfare activity that has taken place since the mid 1980s. Various aspects of this are discussed: the different paths that have been taken; public erosion of retirement income; contracting out services from the public to the private sector; the larger trend of devolving responsibility for social welfare from central to local government units, and from local government to community‐based private agencies; the commodification of social care; and private ‘safety net’ accounts.Less
An account is given of the movement towards the privatization of social welfare activity that has taken place since the mid 1980s. Various aspects of this are discussed: the different paths that have been taken; public erosion of retirement income; contracting out services from the public to the private sector; the larger trend of devolving responsibility for social welfare from central to local government units, and from local government to community‐based private agencies; the commodification of social care; and private ‘safety net’ accounts.
Chrisanthi Avgerou
- Published in print:
- 2003
- Published Online:
- September 2007
- ISBN:
- 9780199263424
- eISBN:
- 9780191714252
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199263424.003.0007
- Subject:
- Business and Management, Organization Studies
This chapter presents the case study of IKA, a social security organization in Greece. IKA is a public sector organization with computer services which run as inefficiently as its bureaucracy. From ...
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This chapter presents the case study of IKA, a social security organization in Greece. IKA is a public sector organization with computer services which run as inefficiently as its bureaucracy. From the early 1980s, IKA has conceived several strategies to use ICT for the modernization of the organization, but up until the end of the 1990s none of these had been implemented. To explain why IKA faced such severe difficulties in utilizing ICT, analysis of the case draws from sociological studies of the Greek public sector. These studies suggest that the modernization objectives associated with information systems innovation clashed with the covert mission of public administration in Greece as a political employer. The case study explains the annihilation of the efficiency potential of ICT by organization’s performance as a rational behaviour in terms of its hidden role.Less
This chapter presents the case study of IKA, a social security organization in Greece. IKA is a public sector organization with computer services which run as inefficiently as its bureaucracy. From the early 1980s, IKA has conceived several strategies to use ICT for the modernization of the organization, but up until the end of the 1990s none of these had been implemented. To explain why IKA faced such severe difficulties in utilizing ICT, analysis of the case draws from sociological studies of the Greek public sector. These studies suggest that the modernization objectives associated with information systems innovation clashed with the covert mission of public administration in Greece as a political employer. The case study explains the annihilation of the efficiency potential of ICT by organization’s performance as a rational behaviour in terms of its hidden role.
J. C. R. Dow and I. D. Saville
- Published in print:
- 1990
- Published Online:
- November 2003
- ISBN:
- 9780198283195
- eISBN:
- 9780191596186
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198283199.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics
This book has been written to work on two levels. On the one hand, it provides a theory of monetary policy, focusing on the role of the central bank in determining and effecting policy. It also ...
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This book has been written to work on two levels. On the one hand, it provides a theory of monetary policy, focusing on the role of the central bank in determining and effecting policy. It also examines the relationship of the central banks to the public and private sectors. Both authors have extensive experience working in the Bank of England, and so are attempting to transfer this experience to the area of economic theory. The theoretical analysis is complemented by an examination of the successes and failures of monetary policy in the UK from the mid‐1960s. As such, the book acts as an important work for students of economics and economic theory, but is also accessible to those involved in policy‐making, journalism, and other interested parties.Less
This book has been written to work on two levels. On the one hand, it provides a theory of monetary policy, focusing on the role of the central bank in determining and effecting policy. It also examines the relationship of the central banks to the public and private sectors. Both authors have extensive experience working in the Bank of England, and so are attempting to transfer this experience to the area of economic theory. The theoretical analysis is complemented by an examination of the successes and failures of monetary policy in the UK from the mid‐1960s. As such, the book acts as an important work for students of economics and economic theory, but is also accessible to those involved in policy‐making, journalism, and other interested parties.
Maurizio Ferrera and Elisabetta Gualmini
- Published in print:
- 2000
- Published Online:
- November 2003
- ISBN:
- 9780199240920
- eISBN:
- 9780191600180
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199240922.003.0008
- Subject:
- Political Science, Comparative Politics
Italy's economic and employment problems were to a large extent home made, whereas external economic and political pressures did facilitate internal revitalization. While export‐oriented industries ...
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Italy's economic and employment problems were to a large extent home made, whereas external economic and political pressures did facilitate internal revitalization. While export‐oriented industries in northern Italy had maintained international competitiveness, overall employment rates were very low, and inflation was very high until the early 1990s. Since the clientelistic Italian state was not able to put the brakes on the spiral of wage and price increases that were automatically linked to all sorts of public and welfare‐state expenditures, public‐sector deficits were rising inexorably. After the collapse of the old party system, however, the unions were able and willing to enter into a series of accords with successive reform governments that not only facilitated price stability through wage restraint but that also legitimated significant welfare cutbacks that contributed to budget consolidation. The impetus for reform was a serious political commitment to meet the stringent Maastricht criteria in order to ensure Italy's membership in the European Monetary Union.Less
Italy's economic and employment problems were to a large extent home made, whereas external economic and political pressures did facilitate internal revitalization. While export‐oriented industries in northern Italy had maintained international competitiveness, overall employment rates were very low, and inflation was very high until the early 1990s. Since the clientelistic Italian state was not able to put the brakes on the spiral of wage and price increases that were automatically linked to all sorts of public and welfare‐state expenditures, public‐sector deficits were rising inexorably. After the collapse of the old party system, however, the unions were able and willing to enter into a series of accords with successive reform governments that not only facilitated price stability through wage restraint but that also legitimated significant welfare cutbacks that contributed to budget consolidation. The impetus for reform was a serious political commitment to meet the stringent Maastricht criteria in order to ensure Italy's membership in the European Monetary Union.
Sabino Cassese
- Published in print:
- 2003
- Published Online:
- November 2003
- ISBN:
- 9780199250158
- eISBN:
- 9780191599439
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199250154.003.0008
- Subject:
- Political Science, European Union
The first section of the chapter discusses the factors that give rise to a need for administrative reform in the public sector: the size and stability of public administrations means that they change ...
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The first section of the chapter discusses the factors that give rise to a need for administrative reform in the public sector: the size and stability of public administrations means that they change less quickly than the political, economic and social framework within which they operate; and frictions periodically emerge between their two components – the political overseers and the administration proper. The second section identifies administrative reform as a peculiarly twentieth century phenomenon in Europe. The remaining sections of the chapter go on to look at various aspects of this administrative reform: reform motivations and objectives; administrative reform in West Europe; and comparative contrasts in administrative reform.Less
The first section of the chapter discusses the factors that give rise to a need for administrative reform in the public sector: the size and stability of public administrations means that they change less quickly than the political, economic and social framework within which they operate; and frictions periodically emerge between their two components – the political overseers and the administration proper. The second section identifies administrative reform as a peculiarly twentieth century phenomenon in Europe. The remaining sections of the chapter go on to look at various aspects of this administrative reform: reform motivations and objectives; administrative reform in West Europe; and comparative contrasts in administrative reform.
Wendy Faulkner and Jacqueline Senker
- Published in print:
- 1995
- Published Online:
- October 2011
- ISBN:
- 9780198288336
- eISBN:
- 9780191684586
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198288336.001.0001
- Subject:
- Business and Management, Information Technology, Knowledge Management
Fostering interaction between industry and academic and government laboratories is widely seen as an important means of facilitating growth and innovation in the technology-based industries. This ...
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Fostering interaction between industry and academic and government laboratories is widely seen as an important means of facilitating growth and innovation in the technology-based industries. This book investigates the research links and knowledge flows between industrial and public sector research in three new and promising fields of advanced technology — biotechnology, engineering ceramics, and parallel computing. Differences between these fields suggest that policies to promote public-private research links should be more effectively targeted. Similarities highlight the general importance to innovation of frontier research in universities, and the need to encourage informal interaction between industrial and public sector researchers.Less
Fostering interaction between industry and academic and government laboratories is widely seen as an important means of facilitating growth and innovation in the technology-based industries. This book investigates the research links and knowledge flows between industrial and public sector research in three new and promising fields of advanced technology — biotechnology, engineering ceramics, and parallel computing. Differences between these fields suggest that policies to promote public-private research links should be more effectively targeted. Similarities highlight the general importance to innovation of frontier research in universities, and the need to encourage informal interaction between industrial and public sector researchers.
Martine Quinzii
- Published in print:
- 1993
- Published Online:
- October 2011
- ISBN:
- 9780195065534
- eISBN:
- 9780199855063
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195065534.003.0007
- Subject:
- Economics and Finance, Financial Economics
The general equilibrium analysis presented in this book shows that there are even more problems in using marginal cost pricing with increasing returns technologies than has been discussed at the time ...
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The general equilibrium analysis presented in this book shows that there are even more problems in using marginal cost pricing with increasing returns technologies than has been discussed at the time of the “marginal cost pricing controversy,” but also that, in some circumstances, the problems can be solved. The earlier literature raised objections to the income redistribution induced by financing the deficit of public firms through income taxes, and questioned the incentives that a subsidized public firm would have to minimize costs. Once a good can be produced with increasing returns, its total production should be supervised by a central agency to avoid inefficient use of different units of production. Such an agency cannot rely on equalization of marginal costs to ensure productive efficiency. In cases where the economies of scale in the production of a good are large enough to justify its production by a public sector, it seems unlikely that there exist alternative techniques available to the private sector to produce small quantities at the same marginal cost.Less
The general equilibrium analysis presented in this book shows that there are even more problems in using marginal cost pricing with increasing returns technologies than has been discussed at the time of the “marginal cost pricing controversy,” but also that, in some circumstances, the problems can be solved. The earlier literature raised objections to the income redistribution induced by financing the deficit of public firms through income taxes, and questioned the incentives that a subsidized public firm would have to minimize costs. Once a good can be produced with increasing returns, its total production should be supervised by a central agency to avoid inefficient use of different units of production. Such an agency cannot rely on equalization of marginal costs to ensure productive efficiency. In cases where the economies of scale in the production of a good are large enough to justify its production by a public sector, it seems unlikely that there exist alternative techniques available to the private sector to produce small quantities at the same marginal cost.
Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780199288144
- eISBN:
- 9780191603884
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199288143.003.0007
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This chapter looks at exchange rate management and other policy options for an open economy. It begins with an introductory discussion of overall macroeconomic management for open economies, ...
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This chapter looks at exchange rate management and other policy options for an open economy. It begins with an introductory discussion of overall macroeconomic management for open economies, including the issues of internal and external balance and inflation targeting. It then examines how countries can attempt to manage the exchange rate. Topics covered in this section include the benefits of maintaining an undervalued exchange rate in some developing countries, government interventions to smooth out exchange rate fluctuations, and the trade-off between stability and flexibility when choosing an exchange rate regime. The chapter concludes with an analysis of other policy options in open economies, including heterodox microeconomic interventions, public sector liability management, and debt restructuring.Less
This chapter looks at exchange rate management and other policy options for an open economy. It begins with an introductory discussion of overall macroeconomic management for open economies, including the issues of internal and external balance and inflation targeting. It then examines how countries can attempt to manage the exchange rate. Topics covered in this section include the benefits of maintaining an undervalued exchange rate in some developing countries, government interventions to smooth out exchange rate fluctuations, and the trade-off between stability and flexibility when choosing an exchange rate regime. The chapter concludes with an analysis of other policy options in open economies, including heterodox microeconomic interventions, public sector liability management, and debt restructuring.
Gordon L. Clark
- Published in print:
- 2006
- Published Online:
- January 2012
- ISBN:
- 9780197263853
- eISBN:
- 9780191734281
- Item type:
- chapter
- Publisher:
- British Academy
- DOI:
- 10.5871/bacad/9780197263853.003.0010
- Subject:
- Political Science, Political Theory
The crisis in occupational pensions in Britain extend beyond coverage rates and benefit levels. Private-sector sponsors of existing defined-benefit plans face an uncertain future notwithstanding the ...
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The crisis in occupational pensions in Britain extend beyond coverage rates and benefit levels. Private-sector sponsors of existing defined-benefit plans face an uncertain future notwithstanding the establishment in 2005 of the Pension Protection Fund. As for the public sector, the unfunded status of many defined-benefit plans raises significant doubts about their long-term viability. Whatever happens to the Turner Report, the pension crisis has just begun; it is bound to dominate domestic politics for another generation. Most private sector employees do not have access to social security entitlements while public sector employees may see their entitlements passed back to central government to become yet another liability on an already overburdened state. This chapter examines the crisis in the British occupational pension system, the link between pensions and modern capitalism, corporate capitalism in a global environment, lessons for public policy, capital market efficiency and occupational pensions in the public sector.Less
The crisis in occupational pensions in Britain extend beyond coverage rates and benefit levels. Private-sector sponsors of existing defined-benefit plans face an uncertain future notwithstanding the establishment in 2005 of the Pension Protection Fund. As for the public sector, the unfunded status of many defined-benefit plans raises significant doubts about their long-term viability. Whatever happens to the Turner Report, the pension crisis has just begun; it is bound to dominate domestic politics for another generation. Most private sector employees do not have access to social security entitlements while public sector employees may see their entitlements passed back to central government to become yet another liability on an already overburdened state. This chapter examines the crisis in the British occupational pension system, the link between pensions and modern capitalism, corporate capitalism in a global environment, lessons for public policy, capital market efficiency and occupational pensions in the public sector.
Martine Quinzii
- Published in print:
- 1993
- Published Online:
- October 2011
- ISBN:
- 9780195065534
- eISBN:
- 9780199855063
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195065534.001.0001
- Subject:
- Economics and Finance, Financial Economics
Increasing returns to scale is an area in economics that is becoming more important in the literature. The economic phenomenon of increasing returns presents serious conceptual difficulties for the ...
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Increasing returns to scale is an area in economics that is becoming more important in the literature. The economic phenomenon of increasing returns presents serious conceptual difficulties for the traditional competitive theory of resource allocation. While most firms exhibit constant or decreasing returns to scale, some firms manufacture products whose technology permits increasing returns to scale that are large relative to the market. These goods are an important component of economic activity in a modern economy and are typically commodities produced either by a public sector or, as in the United States, by regulated utilities. This book analyzes increasing returns using general equilibrium theory to take into account the interactions between production in the public and the private sectors, and the effects of financing the public sector on the redistribution of income.Less
Increasing returns to scale is an area in economics that is becoming more important in the literature. The economic phenomenon of increasing returns presents serious conceptual difficulties for the traditional competitive theory of resource allocation. While most firms exhibit constant or decreasing returns to scale, some firms manufacture products whose technology permits increasing returns to scale that are large relative to the market. These goods are an important component of economic activity in a modern economy and are typically commodities produced either by a public sector or, as in the United States, by regulated utilities. This book analyzes increasing returns using general equilibrium theory to take into account the interactions between production in the public and the private sectors, and the effects of financing the public sector on the redistribution of income.
Christopher Hood, Colin Scott, Oliver James, George Jones, and Tony Travers
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780198280996
- eISBN:
- 9780191599491
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198280998.003.0010
- Subject:
- Political Science, UK Politics
Examines the overall pattern of different forms of control – oversight, mutuality, competition and contrived randomness – and suggests that each could be used more effectively to secure public ...
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Examines the overall pattern of different forms of control – oversight, mutuality, competition and contrived randomness – and suggests that each could be used more effectively to secure public objectives in regulation inside government. The regulators themselves appear not to apply the principles they apply in regulating to themselves. It is notable that there is little attempt to work out the costs to the public sector bodies of being regulated, and weak evidence of principles of competition and oversight, applied so assiduously to the regulatees, being applied to the regulators. The search for some consistency in approach offers a possible avenue for reform.Less
Examines the overall pattern of different forms of control – oversight, mutuality, competition and contrived randomness – and suggests that each could be used more effectively to secure public objectives in regulation inside government. The regulators themselves appear not to apply the principles they apply in regulating to themselves. It is notable that there is little attempt to work out the costs to the public sector bodies of being regulated, and weak evidence of principles of competition and oversight, applied so assiduously to the regulatees, being applied to the regulators. The search for some consistency in approach offers a possible avenue for reform.
Gary W. Anderson and Keith Brainard
- Published in print:
- 2005
- Published Online:
- February 2006
- ISBN:
- 9780199284603
- eISBN:
- 9780191603013
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199284601.003.0012
- Subject:
- Economics and Finance, Financial Economics
This chapter focuses on the lessons private industry could learn from state and local government pensions, It begins with a brief history of public pensions. It then compares public and private ...
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This chapter focuses on the lessons private industry could learn from state and local government pensions, It begins with a brief history of public pensions. It then compares public and private pensions, and discusses benefits to employees and public defined benefit plans as financial engines. It is argued that public pension plans are in a strong position to handle the coming influx of retirees, since, unlike Social Security (mainly a pay-as-you-go program); public pensions are rather well-funded (approximately 95 percent in 2003).Less
This chapter focuses on the lessons private industry could learn from state and local government pensions, It begins with a brief history of public pensions. It then compares public and private pensions, and discusses benefits to employees and public defined benefit plans as financial engines. It is argued that public pension plans are in a strong position to handle the coming influx of retirees, since, unlike Social Security (mainly a pay-as-you-go program); public pensions are rather well-funded (approximately 95 percent in 2003).
T.A. Bhavani and N.R. Bhanumurthy
- Published in print:
- 2012
- Published Online:
- September 2012
- ISBN:
- 9780198076650
- eISBN:
- 9780199081868
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198076650.003.0008
- Subject:
- Economics and Finance, Macro- and Monetary Economics
Chapter 8 examines the role of private sector in the post-1991 period with reference to the Indian banking sector. Empirical analysis reveals that the private sector is increasing its share although ...
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Chapter 8 examines the role of private sector in the post-1991 period with reference to the Indian banking sector. Empirical analysis reveals that the private sector is increasing its share although public sector banks still dominate the Indian banking sector. Private sector banks including foreign banks are also showing their impact on the sector in terms of improving the efficiency of public sector banks, and reducing their operating expenses and non-performing assets. Notwithstanding numerous policy measures such as priority sector lending, Indian banks—public as well as private sector banks-are yet to expand financial access to agriculture and small enterprises.Less
Chapter 8 examines the role of private sector in the post-1991 period with reference to the Indian banking sector. Empirical analysis reveals that the private sector is increasing its share although public sector banks still dominate the Indian banking sector. Private sector banks including foreign banks are also showing their impact on the sector in terms of improving the efficiency of public sector banks, and reducing their operating expenses and non-performing assets. Notwithstanding numerous policy measures such as priority sector lending, Indian banks—public as well as private sector banks-are yet to expand financial access to agriculture and small enterprises.
