Phase I: From Life cycles to Life Disjunctures: Mapping Lifelong Protection in the 21st - Century World of Work (July 2018 - May 2019)

Our objective is to develop a stylised model of 21st century labour markets across OECD countries and emerging developed economies. We plan to seek a mosaic-like explanation of the intersection between global labour market movements and country-specific manifestations of those processes.

Key questions which will be explored include:

  • How can we describe the course of an early 21st-century worker’s life cycle? How does it compare to that of a worker in the latter half of the 20th century?
  • Why has this transformation in workers’ life cycles occurred? (Labour market, economic, financial market, demographic changes; causes and consequences of the 4IR; rise of the sharing economy)
  • What are the consequences of this transformation?
  • In particular, what are the perspectives of large employers on these changes?
  • What (preliminary) recommendations can be made to governments, employers, insurers (and other financial institutions), and households?
  • How do all of these issues differ by country? More generally, how do they differ between developed and emerging countries?

Download statement report | Social protection: from fragile to agile. Towards a more flexible, secure and fair system. | November 2018 | October 2016

Phase II: New evidence to improve product and system design (July 2018 - May 2020)

This keystone phase of the project will gather empirical evidence in two distinct but complementary areas: the cognitive and behavioural biases of individuals in making insurance purchasing decisions, and the current practices and outlook of employers in providing insurance and benefits to their workers.

This evidence will be gathered through:

  • A consumer survey to collect information about consumers making the appropriate choice about insurance, savings and pension products.
  • An employer survey to test the priorities of employers in multiple countries when it comes to protecting their employees

Phase III: Call to Action (July 2020 - May 2021)

The final phase of the project will take the form of recommendations to key stakeholder groups: governments, employers, insurers, brokers and related intermediaries, and individuals.

Topics to be considered may include the following:

  • Specific, evidence-based ways to improve product design (and marketing), including the effectiveness of bundling multiple product types together
  • Options for (and appropriateness of) incentives to live a healthy life as well as penalties by the state or insurers
  • Evidence-based recommendations on the uses of digital methods
  • Refinement of financial education programmes, including best practice case studies (based at companies; government programmes; for under-18s; etc.)
  • Options for covering those who choose not to engage; the best way to manage selection against risk without making some people uninsurable
  • Platforms through which various sets of products can be offered
  • Models for a benefits regime tailored to sharing economy workers

Key Project Documents