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The earliest age at which women can receive a state pension in the UK (the "state pension age") has been increasing …. We find that, on average, increased earnings partially offset the loss of state pension income, leaving affected women … now under the state pension age, increasing by 6.4 percentage points. However, the increased risk of poverty does not …
Persistent link: https://www.econbiz.de/10011718811
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Persistent link: https://www.econbiz.de/10014440769
The reason why both earnings growth and inflation matter for the state pension is the pensions 'triple lock'. In place … since 2011 (except for a one-year temporary suspension in 2022), under the triple lock the state pension rises in line with … led to an increased level of the state pension, thereby increasing state financial support to pensioners at an increased …
Persistent link: https://www.econbiz.de/10014343049
This report makes the case for a new review of the pension system in the UK. There are a number of key challenges …
Persistent link: https://www.econbiz.de/10014251503
Many countries have social security systems that are currently financially unsustainable. Economists and policy makers have long studied this problem and identified two key causes. First, as declining birth rates raise the share of older persons in the population, the ratio of retirees to...
Persistent link: https://www.econbiz.de/10014487906
The future of Social Security is troubled, both in the United States and in most other developed countries with aging populations. As improvements in health care and changes in life styles enable retirees to live longer than ever before, the stress on national budgets will increase...
Persistent link: https://www.econbiz.de/10014487944
In recent years, the retirement age for public pensions has increased across many countries, and additional increases are in progress or under discussion in many more. The seventh stage of an ongoing research project studying the relationship between social security programs and labor force...
Persistent link: https://www.econbiz.de/10014482043
Even as life expectancy in many countries has continued to increase, social security and similar government programs can provide strong incentives for workers to leave the labor force when they reach the age of eligibility for benefits. Disability insurance programs can also play a significant...
Persistent link: https://www.econbiz.de/10014482070
Over the last thirty years pathways to retirement have changed substantially in the UK. They have been dominated by spells of unemployment in the late 1970s, with then an increased importance of disability spells from the mid-1980s onwards. At the end of the period the direct route from work to...
Persistent link: https://www.econbiz.de/10009018249