How to Pool Risks Across Generations - The Case for Collective Pensions

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.

List of contents

• Introduction


• 1: The Case for Collective Defined Contribution


• 2: The Case for a Funded Pension with a Defined Benefit


• 3: The Case for an Unfunded Pay as You Go Pension


• 4: Fair Terms of Social Cooperation among the Free and Equal


• Conclusion


• Appendix: How Should Pensions and Contributions be Linked to Salary?


• References

About the author

Michael Otsuka is a Professor of Philosophy and a Core Scholar in the Center for Population-Level Bioethics at Rutgers University-New Brunswick. He has also taught at the London School of Economics, University College London, and UCLA. He obtained a BA in Political Science from Yale and a B.Phil in Philosophy and D.Phil in Politics from Oxford, the latter under the supervision of G. A. Cohen. He is the author of Libertarianism without Inequality (OUP 2003). In 2021-22, he served as a union negotiator on behalf of the 200,000 active members of the UK-wide Universities Superannuation Scheme (USS).

Summary

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.

Additional text

How to Pool Risks across Generations challenges us to reimagine how we can bring philosophy to bear on important, real-world issues that affect our lives. Otsuka masterfully brings together these issues.

Product details

• Authors: Michael Otsuka, Prof Michael (Professor of Philosophy Otsuka
• Publisher: Oxford University Press
• Languages: English
• Product format: Hardback
• Released: 27.06.2023
• EAN: 9780198885962
• ISBN: 978-0-19-888596-2
• No. of pages: 128
• Series: Uehiro Series in Practical Ethics
• Subjects: Humanities, art, music > Philosophy > General, dictionaries; Non-fiction book > Philosophy, religion > Philosophy: general, reference works; Pensions, Business & Economics / Investments & Securities / General, PHILOSOPHY / Social, PHILOSOPHY / Political, POLITICAL SCIENCE / History & Theory, Social & political philosophy, Political science & theory, social and political philosophy, Political science and theory