Is An 'Englishman's Home' His Pension?

This research project considers whether buying houses may reduce long-term savings in the UK economy. This may explain the UK’s relatively low investment rate and weaker productivity performance over the long term. The study has two parts. First, we present new evidence on the saving behaviour of UK households showing that buying a house with a mortgage results in a lower saving rate, which is likely to mean less pension savings. Second, we examine the consequences for the UK of shifting the allocation of saving from housing and towards business investment. 

Workplace pensions and remuneration in the public and private sectors in the UK

We estimate the changing value of workplace pensions in the UK and incorporate their value into an estimate of the public sector pay differential. Falling pension membership in the private sector and growing value of public service pensions led to a significant increase in the estimated public sector pay differential from 1997 to 2009, even though headline pay grew faster in the private sector.

The Impact of Possible Migration Scenarios after ‘Brexit’ on the State Pension System

Commissioned by the Institute and Faculty of Actuaries (IFoA), the purpose of this paper is to explore the impacts of changes in migration flows – in particular, those resulting from possible migration policy changes after a UK exit (‘Brexit’) from the European Union (EU) – on the finances of the UK state pension system. 

An economic analysis of the existing taxation of pensions (EET) versus an alternative regime (TEE)

This work was commissioned by the Association of British Insurers as a response to the Government’s consultation “Strengthening the incentive to save: a consultation on pensions tax relief” (Cm 9102). The National Institute of Economic and Social Research is an independent research institute and has had full control over, and takes full responsibility for, the contents of this paper.