The Pensions Green Paper: A Generational Accounting Perspective  

Oleh:

Agulnik, Phil ; Cardarelli, Roberto ; Sefton, James

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 110 no. 467 (Nov. 2000), page 598-610.
Fulltext: 598.pdf (542.29KB)

Isi artikel

In this note we show how the policy proposals contained in the government's Green Paper on pensions (DSS, 1998) affect the long term sustainability of the UK's public ®nances and redistribution between current and future generations. Using the methodology of generational accounting we show that the proposals in the Green Paper will marginally increase the tax rise needed to ensure intertemporal solvency, and slightly worsen generational imbalances. The effect of implied changes in National Insurance Contributions, and the ®scal and generational implications of fully funding the proposed State Second Pension, are also discussed.

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