Reform of Ill-health Retirement Benefits for Police in England and Wales: The roles of National Policy and Local Finance
AbstractWe examine the ill-health retirement of police officers in the forces of England and Wales between 2002-03 and 2009-10. Differences in ill-health retirement rates across forces are statistically related to area-specific stresses of policing and force-specific differences in human resources policies. Reforms to police pension plans – in particular a shift in the incidence of financing ill-health retirement from central government to local police authorities – occurred in the mid-2000s. We show these measures impacted on the level of ill-health retirement, especially on forces with above-average rates of retirement. We find that residual differences in post-2006 ill-health retirement rates across forces are related to their differential capacities to raise revenue from local property taxes.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 18479.
Date of creation: Oct 2012
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Publication status: Forthcoming: Reform of Ill-health Retirement Benefits for Police in England and Wales: The Roles of National Policy and Local Finance , Rowena Crawford, Richard Disney. in Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century , Clark and Rauh. 2014
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Find related papers by JEL classification:
- H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
- J45 - Labor and Demographic Economics - - Particular Labor Markets - - - Public Sector Labor Markets
This paper has been announced in the following NEP Reports:
- NEP-AGE-2012-10-27 (Economics of Ageing)
- NEP-ALL-2012-10-27 (All new papers)
- NEP-DEM-2012-10-27 (Demographic Economics)
- NEP-HEA-2012-10-27 (Health Economics)
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- Inman, Robert P., 1982. "Public employee pensions and the local labor budget," Journal of Public Economics, Elsevier, vol. 19(1), pages 49-71, October.
- Leeds, Michael A., 1985. "Property values and pension underfunding in the local public sector," Journal of Urban Economics, Elsevier, vol. 18(1), pages 34-46, July.
- Gyourko, Joseph & Tracy, Joseph, 1989. "Local public sector rent-seeking and its impact on local land values," Regional Science and Urban Economics, Elsevier, vol. 19(3), pages 493-516, August.
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