Conclusion: The Welfare State at a Crossroad

Gregory Ponthiere

Chapter Chapter 5 in Allocating Pensions to Younger People, 2023, pp 109-111 from Springer

Abstract: Abstract It is concluded that a social insurance against a short life is socially desirable and technically feasible in advanced societies. But even if the current demographic and technical conditions constitute a unique opportunity in History, there may be strong political oppositions to a partial reversal of pension systems, especially among senior workers. Modern Welfare States are at a crossroad: either we keep on reforming the Welfare State by making it ‘smaller’, but also less protective, or, alternatively, we extend the domain of social insurance, in such a way as to protect citizens against the risk of a short life, the most tragic of all risks. This essay makes a policy proposal of extending the domain of social protection to the risk of a short life. As such, this essay is only a very first step toward more public debates about the scope of social protection in advanced societies.

Keywords: Welfare states; Policy reforms; Social protection; Pension systems; Reverse retirement (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-24748-4_5

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DOI: 10.1007/978-3-031-24748-4_5

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