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The Public/Private Mix in UK Pension Policy

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  • Phil Agulnik
  • Nicholas Barr

Abstract

The UK government aims to shift the balance between public (Pay-As-You-Go) and private (funded) pensions from 60:40 today to 40:60 by 2050 (UK DSS 1998). What is the economic rationale for this shift? Funding pensions may have a positive effect on economic growth and the long-term sustainability of the public finances, but such a move is only one of a menu of policies capable of achieving these outcomes. It follows that some other ratio between public and private provision would be possible, and there are a range of policy directions open to the government.

Suggested Citation

  • Phil Agulnik & Nicholas Barr, 2000. "The Public/Private Mix in UK Pension Policy," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 1(1), pages 69-80, January.
    • Handle: RePEc:wej:wldecn:5
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