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

50 Pages Posted: 15 Mar 2003 Last revised: 1 Nov 2010

See all articles by Richard F. Disney

Richard F. Disney

University of Nottingham; Institute for Fiscal Studies (IFS); Axia Economics

Carl Emmerson

Institute for Fiscal Studies (IFS)

Sarah Smith

University of Bristol; Institute for Fiscal Studies (IFS)

Date Written: March 2003

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.

Suggested Citation

Disney, Richard F. and Emmerson, Carl and Smith, Sarah, Pension Reform and Economic Performance in Britain in the 1980s and 1990s (March 2003). NBER Working Paper No. w9556. Available at SSRN: https://ssrn.com/abstract=387564

Richard F. Disney (Contact Author)

University of Nottingham ( email )

School of Economics
Nottingham NG7 2RD
United Kingdom
+44 115 951 5620 (Phone)
+44 115 951 4159 (Fax)

Institute for Fiscal Studies (IFS)

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

Axia Economics ( email )

38 Concanon Road
London SW2 5TA
United Kingdom

Carl Emmerson

Institute for Fiscal Studies (IFS) ( email )

London, WC1E 7AE
United Kingdom
020 7291 4800 (Phone)
020 7323 4780 (Fax)

Sarah Smith

University of Bristol ( email )

University of Bristol,
Senate House, Tyndall Avenue
Bristol, BS8 ITH
United Kingdom

Institute for Fiscal Studies (IFS) ( email )

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

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