Risks and uncertainties: reconciling collective solidarity with individual choice options
5 important questions on Risks and uncertainties: reconciling collective solidarity with individual choice options
Uncertainty, risk and inequality
If you talk about risk: risks are calculable uncertainties that you can estimate, and if you can do this you can put a price on them and eventually trade them.
Insurance company calculates what is the risk that you crash your car and what you might pay --> govern the risk via markets.
Crouch: a lot of risk you cán manage and calculate via markets BUT crouch says that people in different economic circumstances: different relation ... Knowledge that you know when you buy an insurance that you buy the right one.
Residual uncertainty and new social risks
Unemployment as individual risk
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Blue new box: The Equilibrium Revenues and Expenditures in PAYG Pension Scheme
Ageing problem is a care problem (right box) moves upwards very fast financially. Cost of care is cost of dying: expensive !
Less of a problem because aging is moving up half year longer
Risk of ageing in historical perspective: germany between 1900 and 2000
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