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Centre for Policy on Ageing | |
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National superannuation
— redistribution and value for money | | Author(s) | A B Atkinson |
| Journal title | Bulletin of the Oxford University Institute of Economics and Statistics, vol 32, no 3, August 1970 |
| Pages | pp 171-185 |
| Keywords | Superannuation ; Policy ; Cost effectiveness ; Labour. |
| Annotation | The Labour Party's proposals for National Superannuation would undoubtedly represent the most fundamental change in the British social security system since the Beveridge Plan. This paper explores two important aspects of the the proposed scheme: the extent to which it would involve a major redistribution of income; and whether it would offer "good value for money". The author examines the lifetime rate of return that a person would obtain from the proposed scheme, and draws these conclusions: the absolute level of return offered by the scheme is quite respectable, with no strong grounds to suggest that National Superannuation would necessarily offer "worse value for money". The scheme would give a higher return to married couples and single women than to single men, with a tendency for the lower paid worker to receive a higher return, but the degree of distribution is less marked than with alternative proposals. Those retiring early in the scheme would obtain a considerably higher return than those contributing to National Superannuation throughout their lives. (RH). |
| Accession Number | CPA-950823512 A |
| Classmark | JKH: QAD: WEC: VL3 * |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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