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date: 16 June 2021

Abstract and Keywords

This article discusses why and under what conditions people are willing to share risks collectively and accept the resulting distributional implications. It explores whether these conditions will change because of individualization, ageing, and globalization. Will these trends erode social solidarity and therefore also the institutional basis for sustaining pensions income? As a first step toward understanding solidarity as the social basis for collective pension provision, the article starts with a definition of solidarity in general, exploring how this principle has found its institutional expression in different types of pension regimes. It develops a broad analytical framework for understanding the different dimensions of social solidarity and in which way these different dimensions are linked to collective pension provision.

Keywords: social solidarity, risk sharing, individualization, globalization, collective pension, pension provision

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