Two Nations in Early Retirement? The Case of Britain

Anthony Atkinson and Holly Sutherland

Chapter 6 in Age, Work and Social Security, 1993, pp 132-160 from Palgrave Macmillan

Abstract: Abstract In 1955, Richard Titmuss described Britain as having ‘two nations in old age’: one group relatively fortunate, benefiting from an occupational pension and being able to draw on savings privileged under the income tax, the other group receiving only the basic state pension, which left them dependent on means-tested assistance (the successor of the Poor Law). There were: … greater inequalities in living standards after work than in work; two contrasting social services for distinct groups based on different principles, and operating in isolation of each other as separate, autonomous, social instruments of change. (1955, p. 166)

Keywords: Early Retirement; Total Income; Labour Market Condition; Labour Force Participation Rate; State Benefit (search for similar items in EconPapers)
Date: 1993
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DOI: 10.1007/978-1-349-22668-9_6

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