a column by Svend E. Hougaard Jensen and Gylfi Zoega for VOX: CEPR’s Policy Portal
Everyone contributes equally to government-run pension schemes, but not everyone will spend the same number of years in retirement – blue-collar workers, for instance, do not live as long as their white-collar counterparts.
Rather than pooling the resources of a heterogeneous group of workers, this column proposes that each worker receive a lump sum at a certain age, which they can then give to an occupational pension fund better informed about the life expectancy of its own participants.
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Labels:
pension_schemes, PAYG_pensions, Pension_Funds,
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