How to Pool Risks Across Generations (Hardcover)

Langue : anglais

Edité par Oxford University Press, Oxford, 2023

0198885962 / 9780198885962

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Hardcover. How to Pool Risks across Generations makes the case for the collective provision of pensions, on fair terms of social cooperation. Through the insurance of a mutual association which extends across society and over multiple generations, we share one another's fates by pooling risks across both space and time. Resources are transferred, not simply between different people, but also within the possible future lives of each person: from one's more fortunate toone's less fortunate future selves. The book opens with an investigation of the longevity and investment risk that even a single individual on a desert island would face in providing for her old age. From thisatomistic starting point, it builds up, within and across the chapters, to increasingly collective forms of pension provision. By joining together, it is possible to tame the risks we would face as individuals each with our own private pension pot. A collective pension can be justified as a 'social union of social unions': an enduring corporate body, which is formed by agreements to pool risks, in a manner that involves reciprocity between the various individuals that constitute the collective.Even though all individuals age and die, a collective pension scheme remains evergreen, as the average age of members remains relatively unchanged, through the influx of new members to replace thosewho retire. It is therefore possible to smooth risks indefinitely across as well as within generations, to the mutual advantage of each. How to Pool Risks across Generations makes the case for the collective provision of pensions, on fair terms of social cooperation. Through the insurance of a mutual association which extends across society and over multiple generations, we share one another's fates by pooling risks across both space and time. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.…

N° de réf. du vendeur 9780198885962

Titre
How to Pool Risks Across Generations (Hardcover)
Auteur
Prof Michael Otsuka
Éditeur
Oxford University Press, Oxford
Année de publication
2023
État de l'article
new
Reliure
Hardcover
Langue
anglais
ISBN à 10 chiffres
0198885962
ISBN à 13 chiffres
9780198885962

AussieBookSeller

Truganina, VIC, Australie

Vendeur avec une évaluation de 5 étoiles

Vendeur AbeBooks depuis 22 juin 2007

Frais d'expédition de Australie vers Etats-Unis

Article25 à 45 jours ouvrés8 à 14 jours ouvrés
Premier articleEUR 33,15EUR 39,43
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