The Balance Between Defined Benefit, Defined Contribution, and State Provision

James Banks, Richard Blundell () and Carl Emmerson
Additional contact information
Carl Emmerson: Institute for Fiscal Studies,

Journal of the European Economic Association, 2005, vol. 3, issue 2-3, 466-476

Abstract: We examine the possible consequences of the increasing shift from Defined Benefit to Defined Contribution arrangements for private pensions. Whilst much analysis has focused on the possible distribution of investment and job tenure risk, we point out the additional role for issues relating to adverse selection and to retirement incentives. These issues are illustrated using empirical evidence from the United Kingdom, where the fact that private pensions are an alternative, as opposed to a supplement, to earnings-related state pension provision makes the effects particularly salient. (JEL: I38, J32, D91) Copyright (c) 2005 The European Economic Association.

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1542-4774/issues link to full text (text/html)
Access to full text is restricted to subscribers.

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:tpr:jeurec:v:3:y:2005:i:2-3:p:466-476

Access Statistics for this article

Journal of the European Economic Association is currently edited by Xavier Vives, George-Marios Angeletos, Orazio P. Attanasio, Fabio Canova and Roberto Perotti

More articles in Journal of the European Economic Association from MIT Press
Bibliographic data for series maintained by The MIT Press ().