LEADER 04433nam 22006135 450 001 9910683344703321 005 20230522224623.0 010 $a9783031247484$b(electronic bk.) 010 $z9783031247477 024 7 $a10.1007/978-3-031-24748-4 035 $a(MiAaPQ)EBC7221156 035 $a(Au-PeEL)EBL7221156 035 $a(OCoLC)1374427133 035 $a(DE-He213)978-3-031-24748-4 035 $a(CKB)26347444000041 035 $a(EXLCZ)9926347444000041 100 $a20230328d2023 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aAllocating pensions to younger people $etowards a social insurance against a short life /$fby Gregory Ponthiere 205 $a1st ed. 2023. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2023. 215 $a1 online resource (137 pages) 311 08$aPrint version: Ponthiere, Gregory Allocating Pensions to Younger People Cham : Springer International Publishing AG,c2023 9783031247477 327 $a1. Introduction -- 2. The evil of a premature death -- 3. An insurance against a short life -- 4. Reversing retirement systems -- 5. Conclusions: The Welfare State at a crossroad. 330 $aThis book takes as a starting point that welfare states in developed societies do not provide systems of social insurance against the risk of an early death. In contrast to the way in which economically developed countries provide ways of insuring citizens against other possibilities, such as unemployment and disease, no such social insurance mechanism exists for early death. It aims to demonstrate that, despite the impossibility to compensate the victims of a short life once they are identified, and despite the impossibility to identify the persons who will be short-lived (when they are still alive), it is nonetheless possible to construct a social insurance against the risk of a short life by means of age-based statistical discrimination favouring all young persons. Combining philosophical literature with economic analysis, the book re-examines the ethical foundations of social insurance, and proposes a major reform of the welfare state: the construction of a social insurance against a short life. It shows how such an insurance system could be constructed by partially ?reversing? existing pension systems, by offering a period of retirement to all young adults before they start their career. Such a ?reversed? pension system would allocate more free time and opportunities to younger members of society before they enter the labour market, and, hence, this system would also improve the lives of the ? unidentified ? young persons who will turn out to die prematurely. The book discusses the social desirability of this new system, as well as its financial feasibility and societal consequences, examining how pension allowances paid to young adults may be financed by the work of senior workers. As such, this book demonstrates how the universal uncertainty about the duration of life can be reconciled with the idea of social justice. With an accessible and interdisciplinary approach, this book will be of interest to academics working in a range of fields, including economics, public finance, social insurance, the economics of ageing and the welfare state, economic ethics and political philosophy. Gregory Ponthiere is a Professor of Economics and Philosophy at the Université catholique de Louvain, Hoover Chair in Economic and Social Ethics. . 606 $aFinance, Public 606 $aLabor economics 606 $aPopulation?Economic aspects 606 $aMedical economics 606 $aPublic Finance 606 $aPublic Economics 606 $aLabor and Population Economics 606 $aHealth Economics 615 0$aFinance, Public. 615 0$aLabor economics. 615 0$aPopulation?Economic aspects. 615 0$aMedical economics. 615 14$aPublic Finance. 615 24$aPublic Economics. 615 24$aLabor and Population Economics. 615 24$aHealth Economics. 676 $a336 676 $a368.400842 700 $aPonthiere$b Gregory$01348042 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 912 $a9910683344703321 996 $aAllocating Pensions to Younger People$93085125 997 $aUNINA