Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/90869
Authors: 
Disney, Richard
Palacios, Robert
Whitehouse, Edward
Year of Publication: 
1999
Series/Report no.: 
IFS Working Papers W99/18
Abstract: 
The paper examines social security (public pension) reforms in which the programme is partially shifted from a public unfunded basis to a private, prefunded, basis. It focuses on reforms where individuals have a choice in switching from public funded to private unfunded programmes (as in the ѣontracting outҍ scheme in the UK), or where some individuals are forced to join the funded scheme, or reforms which combine both these options. The welfare consequences of such reform strategies are analysed both from an individual and a macroeconomic perspective. The paper also examines whether individuals respond Ѳationally' to the incentives inherent in such programmes.
JEL: 
G23
H53
J11
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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