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Michael Alan Dover, PhD's avatar

This is very interesting to me as a sociologist who studied real property and has been working on an alternative to neoliberalism.

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Odradek's avatar

It should be noted that the pension systems in the Nordic countries are legally mandated, with a quite narrow strategic latitude as defined in legislation. The future pensioners do not personally participate in investment decisions to anything like the extent that characterizes the US system under 401(k).

In fact, at least in Finland, the assets of the nominally private pension funds have traditionally been counted as assets of the public sector when calculating the public debt ratio, etc. The pension funds are treated as something not very different from a sovereign wealth fund.

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