Allocating Pensions to Younger People - Gregory Ponthiere

Allocating Pensions to Younger People

Towards a Social Insurance against a Short Life
Buch | Hardcover
XIII, 130 Seiten
2023 | 1st ed. 2023
Springer International Publishing (Verlag)
978-3-031-24747-7 (ISBN)
48,14 inkl. MwSt

This book takes as a starting point that welfare states in developed societies do not provide systems of social insurance against the risk of an early death. In contrast to the way in which economically developed countries provide ways of insuring citizens against other possibilities, such as unemployment and disease, no such social insurance mechanism exists for early death.

 

It aims to demonstrate that, despite the impossibility to compensate the victims of a short life once they are identified, and despite the impossibility to identify the persons who will be short-lived (when they are still alive), it is nonetheless possible to construct a social insurance against the risk of a short life by means of age-based statistical discrimination favouring all young persons.

 

Combining philosophical literature with economic analysis, the book re-examines the ethical foundations of social insurance, and proposes a major reform of the welfare state: the construction of a social insurance against a short life. It shows how such an insurance system could be constructed by partially 'reversing' existing pension systems, by offering a period of retirement to all young adults before they start their career. Such a 'reversed' pension system would allocate more free time and opportunities to younger members of society before they enter the labour market, and, hence, this system would also improve the lives of the - unidentified - young persons who will turn out to die prematurely. The book discusses the social desirability of this new system, as well as its financial feasibility and societal consequences, examining how pension allowances paid to young adults may be financed by the work of senior workers. As such, this book demonstrates how the universal uncertainty about the duration of life can be reconciled with the idea of social justice.

 

With an accessible and interdisciplinary approach, this book will be ofinterest to academics working in a range of fields, including economics, public finance, social insurance, the economics of ageing and the welfare state, economic ethics and political philosophy.


Gregory Ponthiere is a Professor of Economics and Philosophy at the Université catholique de Louvain, Hoover Chair in Economic and Social Ethics.  

1. Introduction.- 2. The evil of a premature death.- 3. An insurance against a short life.- 4. Reversing retirement systems.- 5. Conclusions: The Welfare State at a crossroad.

Erscheinungsdatum
Zusatzinfo XIII, 130 p. 1 illus.
Verlagsort Cham
Sprache englisch
Maße 148 x 210 mm
Gewicht 319 g
Themenwelt Sozialwissenschaften Politik / Verwaltung Staat / Verwaltung
Wirtschaft Betriebswirtschaft / Management
Wirtschaft Volkswirtschaftslehre Makroökonomie
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
Schlagworte Division of Labour • Economics of ageing • economics of the welfare state • pension systems reforms • Retirement • reverse retirement • Social Insurance • unequal longevity • Welfare State
ISBN-10 3-031-24747-7 / 3031247477
ISBN-13 978-3-031-24747-7 / 9783031247477
Zustand Neuware
Haben Sie eine Frage zum Produkt?
Mehr entdecken
aus dem Bereich
Organisationen steuern, Strukturen schaffen, Prozesse gestalten

von Andreas Gourmelon; Michael Mroß; Sabine Seidel

Buch | Softcover (2024)
Rehm Verlag
38,00
klare Antworten aus erster Hand

von Anna-Lisa Müller

Buch | Softcover (2024)
UTB (Verlag)
19,90