Pension Provision and Retirement Saving
Lessons from the United Kingdom
Bibliographic Data
| ID | 11967867 |
|---|---|
| Authors | Richard Disney (0000-0001-6438-6326, School of Economics, University of Nottingham and Institute for Fiscal Studies London, United Kingdom, corresponding author), Carl Emmerson (0000-0002-2908-1460, Institute for Fiscal Studies London, United Kingdom), MATTHEW WAKEFIELD (0000-0002-3645-769X, Institute for Fiscal Studies London, United Kingdom) |
| Year | 2008 |
| Volume | 34 |
| Issue | 4 |
| Pages | S155-S175 |
| Publication date | 2008-11-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Canadian Public Policy (JOURNAL) |
| Journal identifiers | ISSN: 0317-0861 • E-ISSN: 1911-9917 |
| Publisher | University of Toronto Press Inc. (UTPress) (PUBLISHER) |
| DOI | 10.3138/cpp.34.4.s155 |
| OpenAlex | W2142135300 |
| Language | EN |
| References cited | 11 |
We describe the trajectory of pension reform in the United Kingdom, which focuses on restraining the cost of the public program as the population ages while maintaining adequate income security for low-income households in retirement. Methods for achieving these aims have been to target public benefits to low- income households, to permit individuals to opt out of the second tier of the public program into private retirement accounts, and to offer tax incentives to encourage additional private retirement saving. Frequent program reforms raise concerns as to whether households can make reasonable private saving provision in light of the growing complexity and potential shortcomings of individual decision-making. This paper sheds some light on these issues
Business · Economics · Incentive · Labour economics · Pension · Population · Population ageing · Private pension · Public economics · demographic modeling and climate adaptation · Financial Literacy, Pension, Retirement Analysis · Retirement, Disability, and Employment · Finance
| Highly cited | No |
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