On The Sustainability of the UK State Pension System in the Light of Population Ageing and Declining Fertility
AbstractAs a result of population ageing and declining fertility, the UK state pension system is unlikely to continue to be able to deliver the current level of pensions without some combination of a higher state pension age and a steady inflow of young immigrant workers from abroad. However, with prudent economic management and continuing economic growth, the need for additional immigrants can be contained and modest real increases in pensions are also a possibility. Higher economic activity rates among older people, including deferred retirement, will to some extent compensate but not eliminate these pressures. If fertility picks up over the next few years, this will also help, but not until after 2030. Copyright 2006 Royal Economic Society.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Royal Economic Society in its journal The Economic Journal.
Volume (Year): 116 (2006)
Issue (Month): 512 (06)
Contact details of provider:
Postal: Office of the Secretary-General, School of Economics and Finance, University of St. Andrews, St. Andrews, Fife, KY16 9AL, UK
Phone: +44 1334 462479
Web page: http://www.res.org.uk/
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Muñoz de Bustillo, Rafael & Antón, José-Ignacio, 2009. "Immigration and Social Benefits in a Mediterranean Welfare State: The Case of Spain," MPRA Paper 13849, University Library of Munich, Germany.
- Rosa Aísa & Fernando Pueyo & Marcos Sanso, 2012. "Life expectancy and labor supply of the elderly," Journal of Population Economics, Springer, vol. 25(2), pages 545-568, January.
- Luca Gori & Mauro Sodini, 2011.
"Nonlinear Dynamics in an OLG Growth Model with Young and Old Age Labour Supply: The Role of Public Health Expenditure,"
Society for Computational Economics, vol. 38(3), pages 261-275, October.
- Gori, Luca & Sodini, Mauro, 2011. "Nonlinear dynamics in an OLG growth model with young and old age labour supply: the role of public health expenditure," MPRA Paper 28180, University Library of Munich, Germany.
- Mauricio Arias & Juan Carlos Mendoza, . "Un modelo de simulación del Régimen Pensional de Ahorro Individual con Solidaridad en Colombia," Temas de Estabilidad Financiera 044, Banco de la Republica de Colombia.
- Ciliberto, Federico & Miller, Amalia & Skyt Nielsen, Helena & Simonsen, Marianne, 2013.
"Playing the Fertility Game at Work: An Equilibrium Model of Peer Effects,"
45914, University Library of Munich, Germany.
- Ciliberto, Federico & Miller, Amalia R & Nielsen, Helena S & Simonsen, Marianne, 2013. "Playing the Fertility Game at Work: An Equilibrium Model of Peer Effects," CEPR Discussion Papers 9429, C.E.P.R. Discussion Papers.
- Gurgen Aslanyan, 2012. "Migration Challenge for PAYG," FIW Working Paper series 101, FIW.
- Javier Vázquez Grenno, 2009.
"Spanish Pension System: Population Aging and Immigration Policy,"
wpdea0902, Department of Applied Economics at Universitat Autonoma of Barcelona.
- Javier Vazquez Grenno, 2010. "Spanish pension system: Population aging and immigration policy," Hacienda Pública Española, IEF, vol. 195(4), pages 37-64, december.
- Øystein Kravdal, 2010. "Demographersâ€™ interest in fertility trends and determinants in developed countries: Is it warranted?," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 22(22), pages 663-690, April.
- Kravdal, Øystein, 2013. "Reflections on the Search for Fertility Effects on Happiness," Memorandum 10/2013, Oslo University, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.