National Institute Economic Review

Call for Papers

The Future of Pensions: Reforms and Their Consequences

In recent years, employers in the UK and elsewhere have been finding it increasingly difficult to fund occupational pension schemes.  In some cases, schemes have collapsed, while in others - such as the well-publicised case of GM in the United States – the government has intervened to broker deals.

Concerns about pension liabilities have also prompted examinations of governments' own liabilities as public sector employers. In the UK, the Hutten Review has proposed fundamental reform of the occupational public sector pensions. The multiple changes to the UK pension system have changed the relative worth of different occupations and pension schemes warranting analyses of recruitment and retention across occupations. At the same time, the UK government has lowered the size of tax-free retirement pots in the public sector with potentially important implications in the pattern of exit from key professions like the medicine. There is also concern about the growing proportion of all workers with no pension provision, something that has led to governments introducing "opt out" pension schemes. Increased flexibility in the rules of governing annuities could also profoundly affect labour supply decision of older people. In the light of the changing pensions landscape we are devoting a special issue of the Review to the subject of pension changes.

We invite contributions covering the UK and other developed countries, which have undergone or are planning to undergo comparable pension changes. The National Institute of Economic and Social Research (NIESR) is devoting the May 2016 Issue of the National Institute Economic Review to The Future of Pensions: Reforms and Their Consequences, edited by Dr Chiara Rosazza Bondibene (NIESR), with guest co-editors: Prof. R. Disney (University of Sussex), Prof Peter Dolton (University of Sussex) and Prof Alex Danzer (KU Eichstätt-Ingolstadt).

We welcome submissions on:

  • How have pensions changed in the public sector and what are their consequences.
  • How will changes in annuities affect the behaviour of retirees.
  • What are the implications of pension changes for Total Lifetime Reward.
  • What might be the distributional consequences of pension reforms.
  • Perspectives on pension changes in other countries.
  • Policy perspectives on pension reform into the future.
  • The relationship between family wealth, bequests and pensions.
  • Detailed studies of pensions and total reward in specific occupations.
  • The consequences of pension changes on retention in professions.
  • The implications of pension reform for intra and inter-generational redistribution.
  • The future of the state pension.
  • Appraising the consequences of the annuity reforms.
  • The use of discount rate assumptions in pension calculations.
  • Financial literacy and pensions – do people make rational decisions about pensions and retirement?

We are looking for papers of between 6,000 and 8,000 words to be submitted to Dr Chiara Rosazza Bondibene (C.Rosazza_Bondibene@niesr.ac.uk) by 29th February 2016. Papers will be sent out for peer review and those that are accepted will be published in May 2016. Chiara would be happy to answer any queries regarding submitting a paper. For further information about the Review go to: http://www.uk.sagepub.com/journals/Journal201248

About the Review

The National Institute Economic Review is the peer-reviewed, quarterly publication of the National Institute of Economic and Social Research (NIESR). It is published by SAGE Publications and is indexed in RePEcJSTOR and Scopus. The Review archive, back to 1951, is available to subscribers.

Aims and Scope

Founded in 1938, NIESR is one of Britain’s oldest and most prestigious independent research organisations. Our objective is to promote, through quantitative and qualitative research, a deeper understanding of the interaction of economic and social forces that affect peoples’ lives, and the ways in which policies can improve them. The Review reflects these aims, in publishing articles of both academic and policy interest spanning all areas of economic and social research. The editorial board for the Review includes the Director, Jonathan Portes, and a team of staff representing all areas of NIESR’s research. There is also an International Advisory Board comprised of a uniquely influential group of global experts in economic and social research and policy.

Each issue of the Review is in two sections. The first contains a detailed and comprehensive summary of our quarterly UK and world economy forecasts, produced using NIESR’s global econometric model, NiGEM, used by central banks and international institutions across the world. The second part is themed, with recent issues covering economic growth, China’s economy, and the use of longitudinal studies, for example. There is also a topical commentary on a current policy, which is free to read without a subscription. 

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