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.
|Publication date||21 Dec 2019|
|Place of Publication||London|
|Publisher||Centre for Economic Policy Research|
|Publication status||Published - 21 Dec 2019|