Why is there a decline in defined benefit pension plan membership in Britain?
The paper compares the change in pension plan coverage in the 1980s in the US and the UK. Like the US, the UK has seen a decline in pension plan membership among men, a growth in the use of defined...
Why are older pensioners poorer?
We show that older male pensioners have substantially lower incomes than younger pensioners. There are a number of possible reasons for this including under-indexation of private pensions and the...
One-and-a-half million pensioners are dependent on the minimum means-tested benefit, income support. But the numbers on income support have barely changed in two decades despite substantial increases...
Asset wealth and asset decumulation among households in the Retirement Survey
Richard Disney, Paul Johnson, Gary Stears
This paper examines the asset positions of households at and around retirement in Britain using the Retirement Survey ‘waves’ of 1988-89 and 1994. The data provide the first panel evidence on...
The dynamics of incomes and occupational pensions after retirement
Paul Johnson, Gary Stears, Steven Webb
This paper uses two waves of the UK Retirement Survey to look at how incomes change during retirement. We concentrate on men aged 65-69 and women aged 60-69 in 1988-89 and look at how their incomes...
Why Are Older Pensioners Poorer?
The authors show that older male pensioners have substantially lower incomes than younger pensioners. There are a number of possible reasons for this including under-indexation of private pensions...
Should the basic state pension be a contributory benefit?
The basic state retirement pension is payable irrespective of means but it is a contributory benefit, not a universal benefit. Individuals who do not have enough National Insurance contributions when...