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