Pensions policy and the recession

Dr Martin Weale ()

No 345, National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research

Abstract: Retirement provision requires a balance between pensions financed by individual saving and pensions paid by the state from taxes and insurance contributions collected from people of working age. The balance to be struck has to reflect the extent to which it is fair to expect future generations to support the current population in old age as against the fact that people of modest means are likely to find saving for retirement very difficult.

Date: 2009-11
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