What pension should the state provide?
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.
Volume (Year): 13 (1992)
Issue (Month): 4 (November)
|Contact details of provider:|| Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE|
Phone: (+44) 020 7291 4800
Fax: (+44) 020 7323 4780
Web page: http://www.ifs.org.uk
More information through EDIRC
|Order Information:|| Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- McClements, L. D., 1977. "Equivalence scales for children," Journal of Public Economics, Elsevier, vol. 8(2), pages 191-210, October.
- 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.
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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Emma Hyman)
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.