Retirement, Pensions and Justice A Philosophical Analysis
This book addresses the tendency to mischaracterise liberalism as a “neoliberal” reform project, arguing that liberal political philosophy is concerned only to sustain the conditions that make individual freedom possible. This is illustrated with referenc
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Mark Hyde • Rory Shand
Retirement, Pensions and Justice A Philosophical Analysis
Mark Hyde Plymouth Business School Plymouth University Plymouth, United Kingdom
Rory Shand Department of History, Politics and Philosophy Manchester Metropolitan University Manchester, United Kingdom
ISBN 978-1-137-60065-3 DOI 10.1057/978-1-137-60066-0
ISBN 978-1-137-60066-0 (eBook)
Library of Congress Control Number: 2017937866 © The Editor(s) (if applicable) and The Author(s) 2017 The author(s) has/have asserted their right(s) to be identified as the author(s) of this work in accordance with the Copyright, Designs and Patents Act 1988. This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover image: Modern building window © saulgranda/Getty Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Macmillan Publishers Ltd. The registered company address is: The Campus, 4 Crinan Street, London, N1 9XW, United Kingdom
PREFACE
Though they are vitally important, retirement and pensions are rarely appraised through the lens of political philosophy. In seeking to square the circle of increasingly adverse demographics, and serious pressures on the public finances, policy makers have been pre-occupied with the “practicalities” of pension design and financing. Embracing a utilitarian set of priorities, many scholars of pensions have been concerned with the question, “what works?”—where “works” signifies capacity to improve living standards in old age. Rarely does the literature pause to consider the fundamentals of pension design, which are to be found in its underlying normative principles. Still less has the field addressed retirement as a matter of justice, as understood by political philosophers. To what extent is “society” obligated to support people in their retirement? Is the right to financial assistan
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