Sefton, James A. (contributor); … - 2007
†
,andMartinWeale
‡
Abstract
Means testing plays an important role in the UK state pension system. We use a dynamic
programming model to … implemented in the UK on 6 October 2003, and, for
a fixed benefit, reduced the taper rate on private income (including investment … income and annuitised
∗
The Business School, Imperial College London, and NIESR. jsefton@niesr.ac.uk
†
NIESR. jvandeven@niesr.ac.uk …