This crisis is man-made, due to poor policies adopted on the basis of flawed ideologies. Private provision may fulfill a useful purpose allowing savers to have a more comfortable retirement. The basic pension, however, should be provided by a simple-to-run State Pension. Not means-tested, identical for all, ending all tax subsidies (only helping the better-off) for private pensions can finance a sufficient basic protection.
How to Protect Yourself from the Looming Pension Crisis
The Economist Who Forgot Economics
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Daron Acemoglu won the Nobel Prize in economics in 2024 and is the third
most cited economist of all time. Thus, the paradox of his new book, *What
Happ...
3 days ago
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