Chapter

Chapter Chapter <b>Who Bears What Risk? An Intergenerational Perspective</b>

Henning Bohn

in Restructuring Retirement Risks

Published in print August 2006 | ISBN: 9780199204656
Published online September 2006 | e-ISBN: 9780191603822 | DOI: http://dx.doi.org/10.1093/0199204659.003.0002
Chapter  Chapter   Who Bears What Risk? An Intergenerational Perspective

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Retirement systems in the past have attempted to protect retirees from risk. However, by making fixed benefit promises, these systems necessarily imposed a more-than-proportional risk on younger cohorts and on future generations. This chapter explores the impacts of alternative tax, pension, and health care policies to evaluate how current policies spread risk across cohorts. It also assesses conditions under which such policies increase general welfare, and where there may be scope for better policies.

Keywords: overlapping generations; health insurance; disability; pensions; tax

Chapter.  11105 words. 

Subjects: Financial Markets

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