'Egalitarian pooling and sharing of longevity risk', a.k.a. 'The many ways to skin a tontine cat'
Experts agree on the societal benefits of pooling longevity risk through annuities and pensions. While pooling reduces the upfront capital needed for a secure income, challenges arise when participants vary in wealth and health. This paper proposes a model for distributing income in diverse longevity-risk pools, emphasizing the role of social cohesion.