The redistributive impact of the U.K. state pension scheme is examined. Benefit-cost ratios are calculated using individual lifetime earnings profiles constructed for a cohort of men drawn from cross-section data. The scheme is investigated at maturity and revenue neutrality is imposed in order...

This paper considers the recent shift towards private provision of social security in the United Kingdom, as part of the "twin-pillar" approach of the Conservative government. Emphasis is on the encouragement of personal and occupational pensions, rather than public provision, above a basic...