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Pension Reform and Economic Performance in Britain in the 1980s and 1990s

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Author Info
Richard Disney
Carl Emmerson
Sarah Smith

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Abstract

The late 1980s saw a major shift in pension provision in the United Kingdom, when for the first time individuals were permitted to opt out of part of the social security program into individual retirement saving accounts (Personal Pensions). At the same time, membership of company-provided pension plans (occupational schemes) was made voluntary. The paper explores the possible impact of these, and other related changes in social security in the 1980s and 1990s in the UK, on household saving rates, on current and future public finances, on retirement, and on the job mobility of individuals covered by company pension plans.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 9556.

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Date of creation: Mar 2003
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Handle: RePEc:nbr:nberwo:9556

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H2 - Public Economics - - Taxation, Subsidies, and Revenue

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  1. Susanne Pech, 2002. "Tax incentives for private life annuities and the social security reform: Effects on consumption and on adverse selection," Economics working papers 2002-09, Department of Economics, Johannes Kepler University Linz, Austria. [Downloadable!]
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This page was last updated on 2009-11-25.

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