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SYMPOSIUM on assets, incomes and retirement

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Author Info

  • Michael Hurd

Abstract

In most developed countries, an increase in the retirement-aged population has put considerable financial pressure on public pension systems. In response, a number of countries have reformed their systems and have encouraged a substitution toward private pensions and tax-sheltered saving. As the baby-boom cohort reaches retirement age, it is likely that further policy change will be required; however, knowledge about the behaviour of people as they approach and reach retirement age and how they might react to policy change is vital for the formulation of good policy. In the UK, for example, the fiscal treatment of pensions has changed, leading to changes in the way people save for retirement. We would like to know if this has altered retirement behaviour and changed economic resources following retirement. We would like to learn how further policy changes may affect future behaviour. It is fortunate that we have available a new dataset — the Retirement Survey — that can be used to answer these kinds of questions. The three papers in this symposium analyse some of the data from this survey.

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Bibliographic Info

Article provided by Institute for Fiscal Studies in its journal Fiscal Studies.

Volume (Year): 19 (1998)
Issue (Month): 2 (May)
Pages: 141-151

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Handle: RePEc:ifs:fistud:v:19:y:1998:i:2:p:141-151

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  1. Nancy Jianakoplos & Paul Menchik & Owen Irvine, 1989. "Using Panel Data to Assess the Bias in Cross-sectional Inferences of Life-Cycle Changes in the Level and Composition of Household Wealth," NBER Chapters, in: The Measurement of Saving, Investment, and Wealth, pages 553-644 National Bureau of Economic Research, Inc.
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Cited by:
  1. Reil-Held, Anette, 2000. "Einkommen und Sterblichkeit in Deutschland : Leben Reiche länger?," Discussion Papers 580, Institut fuer Volkswirtschaftslehre und Statistik, Abteilung fuer Volkswirtschaftslehre.

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