The tax system treats funds that remain in a pension at death extremely favourably. Where an individual dies before age 75, funds remaining in their pension escape income tax entirely - there was income tax relief when the money was paid into the pension and no income tax when the money is taken...

Thanks to the efforts of researchers including McDougall and Oviatt (1994), Autio, Sapienza and Almeida (2000), Zahra, Ireland and Hitt (2000), Yli-Renko, Autio and Tontti (2002), B¿rgel, Fier, Licht and Murray (2004) and Sapienza, Autio, George and Zahra (2006), a set of more challenging...

In this paper we provide empirical measures of central bank credibility and augment these with historical narratives from eleven countries. To the extent we are able to apply reliable institutional information we can also indirectly assess their role in influencing the credibility of the...

The current generation of pensioners has, in general, been better served by the UK's mix of state and private pension provision than earlier generations were. Pensioners today have disposable incomes - once you take account of housing costs and children - that on average are similar to those...