High effective tax rates on work at and around state pension age deter participation. An example is the ‘earnings test’ operating in several OECD countries. The United States abolished its test for the 65+ age group in 2000. The United Kingdom offers a ‘natural experiment’ of this...

The late 1980s saw a major shift in pension provision in the United Kingdom, when for the first time individuals were permitted to opt out of part of the social security program into individual retirement saving accounts (Personal Pensions). At the same time, membership of company-provided...

High effective tax rates on work at and around state pension age deter participation. An example is the "earnings test" operating in several OECD countries. The United States abolished its test for the 65+ age group in 2000. The United Kingdom offers a "natural experiment" of this reform, as it...