| Abstract: | The paper examines the pension programme in Britain, focusingon reforms that have increased the fraction of the work-forceopting out of public provision and that have permitted individualsto choose their private pension provider. It also examines theissue of pension provision and household saving. The paper highlightsthe disparities in retirement saving behaviour across typesof pension provision and different households. The paper discussesthe policy issues of the adequacy of household saving, and theimpact of pension reform on household saving and the publicfinances. |
