Hills, John (2006) From Beveridge to Turner: demography, distribution and the future of pensions in the UK. CASE/110. Centre for Analysis of Social Exclusion, London School of Economics and Political Science, London, UK.
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This article outlines the recommendations of the UK Pensions Commission, and the data and analysis on which they were based, including projections of demographic change, trends in private pension saving, and evolution of the state pension system. The Commission concluded that without reform, structural problems with UK pensions would lead to increasingly inadequate and inequitable provision in 15-20 years time. It recommended reforms which would lead to a more generous, more universal and less means-tested state system than would otherwise evolve, and the establishment of a low cost National Pension Savings Scheme, into which employees without good employer provision would automatically be enrolled. The proposals, which have now largely been adopted by the UK government, imply eventual increases both in state spending on pensions as a share of national income and in State Pension Age, but accompanied by measures to facilitate later and more flexible retirement.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 2006 John Hills|
|Uncontrolled Keywords:||Demographic change; Pensions; Retirement incomes; Social security|
|Library of Congress subject classification:||H Social Sciences > HV Social pathology. Social and public welfare. Criminology
H Social Sciences > HJ Public Finance
|Journal of Economic Literature Classification System:||H - Public Economics > H5 - National Government Expenditures and Related Policies > H55 - Social Security and Public Pensions|
|Sets:||Departments > Social Policy
Collections > Economists Online
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Research centres and groups > Centre for Analysis of Social Exclusion (CASE)
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