TY  - JOUR
AU  - Disney, Richard
AU  - Emmerson, Carl
AU  - Smith, Sarah
TI  - Pension Reform and Economic Performance in Britain in the 1980s and 1990s
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9556
PY  - 2003
Y2  - March 2003
DO  - 10.3386/w9556
UR  - http://www.nber.org/papers/w9556
L1  - http://www.nber.org/papers/w9556.pdf
N1  - Author contact info:
Richard Disney
Institute for Fiscal Studies
7 Ridgmount Street
London
WC1E 7AE
England
Tel: +44 207 291 4800
E-Mail: richard_d@ifs.org.uk

Carl Emmerson
Institute for Fiscal Studies
7 Ridgemount Street
London WC1E 7AE ENGLAND
E-Mail: cemmerson@ifs.org.uk

Sarah Smith
CMPO, Department of Economics
University of Bristol
12 Priory Road
Bristol
BS8 1TN
E-Mail: sarah.smith@bristol.ac.uk
M1  - published as Richard Disney, Carl Emmerson, Sarah Smith. "Pension Reform and Economic Performance in Britain in the 1980s and 1990s," in David Card, Richard Blundell and Richard B. Freeman, editors, "Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980-2000" University of Chicago Press (2004)

AB  - 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.
ER  -