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Oxford Review of Economic Policy 2006 22(1):15-39; doi:10.1093/oxrep/grj002
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Oxford Review of Economic Policy vol. 22 no. 1 2006 © The Author (2006). Published by Oxford University Press. All rights reserved.

The Economics of Pensions

Nicholas Barr
London School of Economics and Political Science

Peter Diamond
Massachusetts Institute of Technology1

Abstract

This paper sets out the economic analytics of pensions. After introductory discussion, successive sections consider the effects of different pension arrangements on labour markets, on national savings and growth, and on the distribution of burdens and benefits. These areas are controversial and politically highly salient. While we are open about expressing our own views, the main purpose of the paper is to set out the analytical process by which we reach them, to enable readers to form their own conclusions.

Footnotes

1 E-mail addresses: n.barr{at}lse.ac.uk; pdiamond{at}mit.edu


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