Marek Naczyk's research is at the crossroads of social policy, comparative political economy and international political economy. He is a graduate of Sciences Po Paris and received his DPhil in politics from the University of Oxford in 2013. He is also a research associate at the Centre d'etudes europeennes, Sciences Po Paris. His current research projects focus on:
1. The role of the financial services industry in the diffusion of pension privatisation in affluent democracies and in emerging economies;
2. The links between the rise of private pension funds and corporate governance reform;
3. The changing role of the social partners in occupational welfare provision (ProWelfare 2014-2016 project);
4. The dualisation of labour markets and social protection in Europe;
5. The rise of economic patriotism in Central and Eastern Europe since the Global Financial Crisis.
A more detailed description of his current research agenda can be found on his personal webpage.
Marek is an Official Fellow of Kellogg College, and Secretary to the Governing Body.
Shareholders of the world united? Organized labour’s preferences on corporate governance under pension fund capitalism in the United States, United Kingdom and France
British Journal of Industrial Relations
When Finance Captures Labor’s Capital: Dominant Personal Pensions, Resurgent Occupational Provision in Central and Eastern Europe
Social Policy and Administration: an international journal of policy and research
While in Western Europe occupational plans dominate private pension provision, coverage of such plans is marginal in Central and Eastern Europe (CEE). Previous literature has shown the World Bank’s instrumental role in persuading CEE countries to divert part of their social security contributions towards mandatory personal pensions. The dominance of the Bank’s model of pension privatization from the mid-1990s largely explains the marginalization of occupational plans. However, as this model has been challenged since the late 2000s, occupational pensions have re-appeared on the agenda. To shed light on the changing politics of occupational pensions, this paper focuses on the role of organized interests – namely employers’ associations, trade unions and financial groups – that are key players in Western Europe, but whose role has been understudied in CEE. The paper follows these actors’ activities in the last three decades of pension politics in Poland, i.e. one of the few CEE countries to have promoted occupational provision. It shows that, although organized interests had limited policy expertise and mainly mobilized social consent for – or opposition to – reform in the early phases of post-communist pension reform, the growing organizational resources of business groups – in contrast with unions – make them increasingly influential actors in reshaping the contours of CEE private pension provision.
Occupational pensions, personal pensions, Central and Eastern Europe, Poland, finance, capital, organized interests, World Bank
The Financial Crisis and Varieties of Pension Privatization Reversals in Eastern Europe
Since the global financial crisis, those East European countries that had partly privatized their pension systems in the 1990s or early 2000s increasingly scaled back their mandatory private retirement accounts and restored the role of public provision. What explains this wave of reversals in pension privatization and variation in its outcomes? Proponents of pension privatization had argued that it would boost domestic capital markets and economic growth. By revealing how pension privatization helped increase sovereign debt and how large a part of pension funds’ assets was invested in government bonds, the crisis strengthened the position of domestic opponents of mandatory private accounts. But these actors’ capacity and determination to reverse pension privatization depended on the level of their country’s public debt and on pension funds’ portfolio structure. Empirically, the argument is supported with case studies of Hungarian, Polish and Slovak pension reform.