Risk-sharing in pension plans
Multiple options
Bibliographic Data
| ID | 21499019 |
|---|---|
| Authors | Nicholas Barr (0000-0002-5325-2055, London School of Economics and Political Science, corresponding author) |
| Year | 2025 |
| Volume | 41 |
| Issue | 1 |
| Pages | 192-198 |
| Publication date | 2025-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economics and Philosophy (JOURNAL) |
| Journal identifiers | ISSN: 0266-2671 • E-ISSN: 1474-0028 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0266267124000403 |
| OpenAlex | W4406832793 |
| Language | EN |
| References cited | 3 |
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
Actuarial science · Business · Economics · Pension · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Retirement, Disability, and Employment · Finance
| Citation velocity | historical |
|---|---|
| Highly cited | No |