The economics of pensions
Barr, N.
& Diamond, P.
(2006).
The economics of pensions.
Oxford Review of Economic Policy,
22(1), 15-39.
https://doi.org/10.1093/oxrep/grj002
& Diamond, P.
(2006).
The economics of pensions.
Oxford Review of Economic Policy,
22(1), 15-39.
https://doi.org/10.1093/oxrep/grj002
This paper sets out the economic analytics of pensions. After introductory discussion, successive sections consider the effects of different pension arrangements on labour markets, on national savings and growth, and on the distribution of burdens and benefits. These areas are controversial and politically highly salient. While we are open about expressing our own views, the main purpose of the paper is to set out the analytical process by which we reach them, to enable readers to form their own conclusions.