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What is Pension Risk Sharing and Redistribution about?

The document discusses the risks associated with pension schemes, highlighting the importance of risk sharing and redistribution for efficiency and equity. It outlines various types of risks, including investment, inflation, biometric, and bankruptcy risks, and emphasizes the differences between defined-benefit and defined-contribution schemes. Additionally, it addresses the complexities of risk sharing mechanisms and the implications for members of society, including moral hazard and adverse selection issu

Author

2021chb1038

Language

EN