NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

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

Richard Disney, Carl Emmerson, Sarah Smith

NBER Working Paper No. 9556
Issued in March 2003
NBER Program(s):   AG   LS

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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Document Object Identifier (DOI): 10.3386/w9556

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