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

Offer people sort of conflict of risk or uncertainty
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

Residual: only the state is to save (2008) because it can ask for taxes etc.

Unemployment as individual risk

Public policy should not deal in the old way with risk like unemployment uitkeringen, according to the NSR this is an old way and they think you should reduce people's exposure to the labour market, make people fit to adapt to the market. Flexible, and so they can make the best out of their own employment.
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Blue new box: The Equilibrium Revenues and Expenditures in PAYG Pension Scheme

Is about children (education and care, not being publicly taken care of)
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

(right) Box exploded, grew big time.

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