Barr, Nicholas ORCID: 0000-0002-5325-2055 (2024) Risk-sharing in pension plans: multiple options. Economics and Philosophy. ISSN 0266-2671 (In Press)
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Abstract
A response to pressures on pension finance caused by population ageing and economic turbulence has been a substantial move from traditional defined-benefit plans in which, at least in principle, all risk falls on the contributions side, to defined-contribution plans in which risk during accumulation all falls on the benefits side. This paper argues that both designs are ‘corner solutions’ and hence generally suboptimal, and goes on to set out a range of designs that offer different ways of sharing risk among workers, employers, future pensioners and current pensioners.
Item Type: | Article |
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Additional Information: | © 2024 The Author |
Divisions: | European Institute |
Subjects: | H Social Sciences H Social Sciences > HB Economic Theory |
Date Deposited: | 21 Oct 2024 08:39 |
Last Modified: | 30 Oct 2024 16:03 |
URI: | http://eprints.lse.ac.uk/id/eprint/125669 |
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