What pension should the state provide?

Andrew Dilnot and Paul Johnson
Additional contact information
Andrew Dilnot: Institute for Fiscal Studies and University of Oxford
Paul Johnson: Institute for Fiscal Studies

Fiscal Studies, 1992, vol. 13, issue 4, 1-20

Abstract: Social security spending accounts for almost 30 per cent of public expenditure and is projected to reach £74.7 billion in 1992-93. Almost half of this spending goes to the elderly. The cost of social security to the elderly has grown steadily in the post-war period, and will continue to grow given current policy, as the number of elderly people increases. The implied tax burden on those of working age will grow even more quickly than spending, unless the basic state pension is allowed to continue dropping relative to wages, as the number of those of working age, relative to the number of pensioners, declines in the next century.

Date: 1992
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ifs.org.uk/fs/articles/diljohn_nov92.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ifs:fistud:v:13:y:1992:i:4:p:1-20

Ordering information: This journal article can be ordered from
The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE

Access Statistics for this article

More articles in Fiscal Studies from Institute for Fiscal Studies The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE. Contact information at EDIRC.
Bibliographic data for series maintained by Emma Hyman ().