| |
Centre for Policy on Ageing | |
 | |
|
| Costs and distributional effects of increasing the basic state pension | | Author(s) | Ruth Hancock, Holly Sutherland |
| Corporate Author | Age Concern England - ACE |
| Publisher | Age Concern England, London, March 1997 |
| Pages | 20 pp (The pensions debate) |
| Source | Age Concern England, Astral House, 1268 London Road, London SW16 4ER. |
| Keywords | Graduated pensions ; Costs ; Econometrics ; Statistics [data] ; Mathematical models. |
| Annotation | This note explores the effects of increasing the basic state pension by £20 a week - roughly the amount by which it would need to be raised to restore its value to the level it would be, had it been uprated since 1980 in line with average earnings, rather than prices. The analysis is carried out with and without corresponding increases in means-tested benefits, and takes account of extra tax revenue, and, where appropriate, savings on means-tested benefits which would be generated. The analysis uses POLIMOD, the University of Cambridge Department of Applied Economics Microsimulation Unit's UK tax-benefit model for the analysis of micro-economic and social policy. The version of POLIMOD used is based on data from the 1991 Family Expenditure Survey (FES). Incomes and other money values have been updated to 1996-7 levels according to known and forecast changes since then. The main assumptions underlying the analysis and the changes which are modelled are stated. The aggregate costs and distributional effects are presented. The information is supplemented by tables and bar charts. (RH). |
| Accession Number | CPA-980310215 P |
| Classmark | JJB: WC: WE: 6C: 3LM * |
Data © Centre for Policy on Ageing |
|
| ...from the Ageinfo database published by Centre for Policy on Ageing. |
| |
|