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Inclusion or insurance? National insurance and the future of the contributory principle

Hills, John - London School of Economics (LSE) - 2003

future development of state pensions, arguing that their combined effect is to restore something like a flat rate state … contribution records. This leaves a choice for the remaining sixth of National Insurance benefits: to separate out state pensions …

Persistent link: https://www.econbiz.de/10011125997

From Beveridge to Turner: demography, distribution and the future of pensions in the UK

Hills, John - London School of Economics (LSE) - 2006

This article outlines the recommendations of the UK Pensions Commission, and the data and analysis on which they were … system. The Commission concluded that without reform, structural problems with UK pensions would lead to increasingly … have now largely been adopted by the UK government, imply eventual increases both in state spending on pensions as a share …

Persistent link: https://www.econbiz.de/10011126324

Policy uncertainty and precautionary savings

Giavazzi, Francesco; McMahon, Michael - London School of Economics (LSE) - 2008

In 1997 Chancellor Kohl proposed a major pension reform: he pushed the law through Parliament explaining that the German PAYG system had become unsustainable. One limitation of the new law - one that is crucial for our identification strategy - is that it left the generous pension entitlements...

Persistent link: https://www.econbiz.de/10010928811

Institutional change in Greek industrial relations in an era of fiscal crisis

Voskeritsian, Horen; Kornelakis, Andreas - London School of Economics (LSE) - 2011

The main aim of this paper is to contribute to the ongoing debate on the facets of the Greek crisis via an analysis of the changes in the institutional framework of the labour market that are introduced as a result of the EU/IMF mechanism for financial support. The paper tries to make sense of...

Persistent link: https://www.econbiz.de/10010744857

Inflation, inequality and social conflict

Crowe, Christopher - London School of Economics (LSE) - 2004

This paper presents a political economy model of inflation as a result of social conflict. Agents are heterogeneous in terms of income. Agents’ income levels determine their ability to hedge against the effects of inflation. The interaction of heterogeneous cash holdings and preferences over...

Persistent link: https://www.econbiz.de/10010745045

What gives? Household consumption patterns and the ‘Big Trade Off’ with public consumption

Bastagli, Francesca; Hills, John - London School of Economics (LSE) - 2013

At the centre of politics in Britain and other countries is what is sometimes called ‘the big trade-off’ – where to strike the balance between private consumption and collective goods and social spending – and hence the sacrifices that would be entailed by the higher taxation required to...

Persistent link: https://www.econbiz.de/10010746039

Eliciting taxpayer preferences increases tax compliance

De Neve, Jan-Emmanuel; Lamberton, Cait; Norton, Michael I. - London School of Economics (LSE) - 2014

Two experiments show that eliciting taxpayer preferences on government spending—providing taxpayer agency--increases tax compliance. We first create an income and taxation environment in a laboratory setting to test for compliance with a lab tax. Allowing a treatment group to express...

Persistent link: https://www.econbiz.de/10011125929

Political competition and the limits of political compromise

Cunha, Alexandre B.; Ornelas, Emanuel - London School of Economics (LSE) - 2014

We consider an economy where competing political parties alternate in office. Due to rent-seeking motives, incumbents have an incentive to set public expenditures above the socially optimum level. Parties cannot commit to future policies, but they can forge a political compromise where each...

Persistent link: https://www.econbiz.de/10011126506

Tenure reformed: planning for redress or progress in South Africa

James, Deborah - London School of Economics (LSE) - 2011

This article explores the contradictory and contested but closely interlocking efforts of NGOs and the state in planning for land reform in South Africa. As government policy has come increasingly to favor the better-off who are potential commercial farmers, so NGO efforts have been directed,...

Persistent link: https://www.econbiz.de/10011071322

Keeping it simple: financial literacy and rules of thumb

Drexler, Alejandro; Fischer, Gregory; Schoar, Antoinette - London School of Economics (LSE) - 2010

Individuals and business owners engage in an increasingly complex array of financial decisions that are critical for their success and well-being. Yet a growing literature documents that in both developed and developing countries, a large fraction of the population is unprepared to make these...

Persistent link: https://www.econbiz.de/10010884647