What pension should the state provide?
Article Abstract:
Almost 50% of the estimated 74.7 billion pounds sterling of social security payment in 1992-1993 will be spent on state pensions. As the proportion of elderly to working people rises, the burden to taxpayers will increase. In order to reduce it, some form of means testing for state pensions could be used, because a minority of claimants are becoming disproportionately wealthy. Those who rely solely on state pensions, however, need income support to supplement it. The disadvantages of means testing pensions is that it disencourages people to save for their retirement and pensioners are disinclined to claim benefits they feel they have not earned.
Publication Name: Fiscal Studies
Subject: Business, general
ISSN: 0143-5671
Year: 1992
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Housing benefit and financial returns to employment for tenants in the social sector
Article Abstract:
The financial returns to employment of English people living either in local authority accommodation or the Housing Association (HA) remain small despite the existence of the UK Housing Benefit (HB). The rapid rise in rental payment, as an effect of the UK government policy regarding house renting market levels, causes an associated increase in HB payment. Also, a rental increase forces tenants to have a higher gross income to avoid the HB taper. This makes the current housing benefit system ineffective in bringing higher financial benefits from work.
Publication Name: Fiscal Studies
Subject: Business, general
ISSN: 0143-5671
Year: 1997
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Should the basic state pension be a contributory benefit?
Article Abstract:
The UK's pension system operates around the principle that full state retirement pensions can only be given to individuals with a certain number of National Insurance contributions. However, this principle, which also applies to the country's system of unemployment and sickness benefits, is already being abandoned in favor of a principle under which pensions are given based on a certain number of years of residence in the UK.
Publication Name: Fiscal Studies
Subject: Business, general
ISSN: 0143-5671
Year: 1996
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