Pensioner income inequality
Paul Johnson and
Gary Stears
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Paul Johnson: Institute for Fiscal Studies
Fiscal Studies, 1996, vol. 16, issue 4, 69-93
Abstract:
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 in its value and that of its precursor, supplementary benefit. At least another 2 million receive means-tested housing benefit or council tax benefit. At the same time, in 1992-93, 3 million pensioners paid over £5 billion in income tax, a small minority at the higher rate of income tax. Pensioners are poorer than the working population, and some are on very low incomes, but they are not uniformly poor.
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:ifs:fistud:v:16:y:1996:i:4:p:69-93
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