IDEAS home Printed from https://ideas.repec.org/a/ifs/fistud/v13y1992i4p1-20.html
   My bibliography  Save this article

What pension should the state provide?

Author

Listed:
  • Andrew Dilnot

    (Institute for Fiscal Studies and University of Oxford)

  • Paul Johnson

    (Institute for Fiscal Studies)

Abstract

Social security spending accounts for almost 30 per cent of public expenditure and is projected to reach £74.7 billion in 1992-93. Almost half of this spending goes to the elderly. The cost of social security to the elderly has grown steadily in the post-war period, and will continue to grow given current policy, as the number of elderly people increases. The implied tax burden on those of working age will grow even more quickly than spending, unless the basic state pension is allowed to continue dropping relative to wages, as the number of those of working age, relative to the number of pensioners, declines in the next century.

Suggested Citation

  • Andrew Dilnot & Paul Johnson, 1992. "What pension should the state provide?," Fiscal Studies, Institute for Fiscal Studies, vol. 13(4), pages 1-20, November.
    • Handle: RePEc:ifs:fistud:v:13:y:1992:i:4:p:1-20
    as

    Download full text from publisher

    File URL: http://www.ifs.org.uk/fs/articles/diljohn_nov92.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Richard Disney & Edward Whitehouse, 1991. "How should pensions in the UK be indexed?," Fiscal Studies, Institute for Fiscal Studies, vol. 12(3), pages 47-61, August.
    2. Vanessa Fry & Graham Stark, 1991. "New rich or old poor: poverty, take-up and the indexation of the state pension," Fiscal Studies, Institute for Fiscal Studies, vol. 12(1), pages 67-77, February.
    3. McClements, L. D., 1977. "Equivalence scales for children," Journal of Public Economics, Elsevier, vol. 8(2), pages 191-210, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael P. Keane & Eswar S. Prasad, 2002. "Inequality, Transfers, And Growth: New Evidence From The Economic Transition In Poland," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 324-341, May.
    2. Pedro Albarran & Raquel Carrasco & Maite Martinez‐Granado, 2009. "Inequality for Wage Earners and Self‐Employed: Evidence from Panel Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 71(4), pages 491-518, August.
    3. Divine Ikenwilo & Anthony Scott, 2007. "The effects of pay and job satisfaction on the labour supply of hospital consultants," Health Economics, John Wiley & Sons, Ltd., vol. 16(12), pages 1303-1318.
    4. Binder, Martin & Coad, Alex, 2013. "“I'm afraid I have bad news for you…” Estimating the impact of different health impairments on subjective well-being," Social Science & Medicine, Elsevier, vol. 87(C), pages 155-167.
    5. Gianni Betti & Antonella D’Agostino & Laura Neri, 2002. "Panel regression models for measuring multidimensional poverty dynamics," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 11(3), pages 359-369, October.
    6. Whitehouse, Edward, 1998. "Pension Reform in Britain," MPRA Paper 14175, University Library of Munich, Germany.
    7. Dilnot, Andrew & Disney, Richard & Johnson, Paul & Whitehouse, Edward, 1994. "Pensions policy in the UK: An economic analysis," MPRA Paper 10478, University Library of Munich, Germany.
    8. Mark B. Stewart, 2009. "The Estimation Of Pensioner Equivalence Scales Using Subjective Data," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 55(4), pages 907-929, December.
    9. Ourega-Zoé Ejebu & Stephen Whybrow & Lynda Mckenzie & Elizabeth Dowler & Ada L Garcia & Anne Ludbrook & Karen Louise Barton & Wendy Louise Wrieden & Flora Douglas, 2018. "What can Secondary Data Tell Us about Household Food Insecurity in a High-Income Country Context?," IJERPH, MDPI, vol. 16(1), pages 1-17, December.
    10. Xin Meng & Xiaodong Gong & Youjuan Wang, 2009. "Impact of Income Growth and Economic Reform on Nutrition Availability in Urban China: 1986-2000," Economic Development and Cultural Change, University of Chicago Press, vol. 57(2), pages 261-295, January.
    11. Divine Ikenwilo & Anthony Scott, 2007. "The effects of pay and job satisfaction on the labour supply of hospital consultants," Health Economics, John Wiley & Sons, Ltd., vol. 16(12), pages 1303-1318, December.
    12. Justin van de Ven & Nicolas Hérault, 2019. "The evolution of tax implicit value judgements, redistribution and income inequality in the UK: 1968 to 2015," Working Papers 498, ECINEQ, Society for the Study of Economic Inequality.
    13. Greg Kaplan & Kurt Mitman & Giovanni L. Violante, 2020. "The Housing Boom and Bust: Model Meets Evidence," Journal of Political Economy, University of Chicago Press, vol. 128(9), pages 3285-3345.
    14. Giulio Tarditi, 2007. "Poverty Analysis in the European Union: A Fuzzy Multidimensional Approach," Rivista di Politica Economica, SIPI Spa, vol. 97(6), pages 37-80, November-.
    15. Kaplan, Greg & Goodman, Alissa & Walker, Ian, 2004. "Understanding the Effects of Early Motherhood in Britain: The Effects on Mothers," IZA Discussion Papers 1131, Institute of Labor Economics (IZA).
    16. Margaret Jacobson, 2019. "Beliefs, Aggregate Risk, and the U.S. Housing Boom," 2019 Meeting Papers 1549, Society for Economic Dynamics.
    17. James Sefton & Justin Van De Ven, 2009. "Optimal Design of Means Tested Retirement Benefits," Economic Journal, Royal Economic Society, vol. 119(541), pages 461-481, November.
    18. Filippone, Andrea & Cheli, Bruno & D'Agostino, Antonella, 2001. "Addressing the interpretation and the aggregation problems in totally fuzzy and relative poverty measures," ISER Working Paper Series 2001-22, Institute for Social and Economic Research.
    19. Merz, Joachim & Garner, Thesia & Smeeding, Timothy M. & Faik, Jürgen & Johnson, David, 1994. "Two Scales, One Methodology - Expenditure Based Equivalence Scales for the United States and Germany," MPRA Paper 7233, University Library of Munich, Germany.
    20. Ian Gazeley & Andrew Newell & Kevin Reynolds & Hector Rufrancos, 2024. "Household structure, labour participation, and economic inequality in Britain, 1937–61," Economic History Review, Economic History Society, vol. 77(1), pages 41-59, February.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ifs:fistud:v:13:y:1992:i:4:p:1-20. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emma Hyman (email available below). General contact details of provider: https://edirc.repec.org/data/ifsssuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.