The paper compares the change in pension plan coverage in the 1980s in the US and the UK. Like the US, the UK has seen a decline in pension plan membership among men, a growth in the use of defined pension plans, and in the purchase of retirement savings accounts. Changes in workforce...

This paper examines the asset positions of households at and around retirement in Britain using the Retirement Survey ‘waves’ of 1988-89 and 1994. The data provide the first panel evidence on retirement behaviour and asset evolution for a sample of older households in Britain. The analysis...

Several policy issues arise in this context. If households are unable or unwilling to move inold age, their consumption behaviour may be constrained by asset illiquidity...