Skip to main content
Article thumbnail
Location of Repository

The economics of pensions

By Nicholas Barr and Peter Diamond


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

Topics: HB Economic Theory, HD Industries. Land use. Labor, HG Finance
Publisher: Oxford University Press
Year: 2006
DOI identifier: 10.1093/oxrep
OAI identifier:
Provided by: LSE Research Online
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • (external link)
  • http://oxrep.oxfordjournals.or... (external link)
  • (external link)
  • Suggested articles


    1. (1954). An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money’, doi
    2. (1999). Individual Accounts and Social Security: Does Social Security Really Provide a Lower Rate of Return? (Washington: Center on Budget and Policy Priorities), downloadable from
    3. (1979). Myths My Grandpa Taught Me,’ Three Banks Review,
    4. (2005). Old Age Income Support in the 21st Century: An international perspective on pension systems and reform, doi
    5. (1989). On the Intergenerational Pareto Efficiency of Pay-As-You-Go Financed Pension Systems,’
    6. (1999). Paternalism and Public Policy’, doi
    7. (2004). Pensions: Challenges and Choices: The First Report of the Pensions Commission, doi
    8. (2005). Pensions’, doi
    9. (2001). Population Aging, Savings Behavior and Capital Markets, doi
    10. (1999). Privatizing Social Security: A Critical Assessment,’ doi
    11. (2000). Reforming Pensions: Myths, Truths, and Policy Choices’, Working Paper WP/00/139, doi
    12. (2001). Rethinking Pension Reform: 10 Myths About Social Security Systems’,
    13. (2005). Rethinking social insurance’, doi
    14. (2004). Saving Social Security: A balanced approach, Washington DC: The Brookings Institution. doi
    15. (2005). Saving social security’, doi
    16. (1999). Social Security Money’s Worth,’ in Prospects for Social Security Reform, doi
    17. (2002). Social Security Privatization and Financial
    18. (2006). Social Security Reform,
    19. (2004). Social security’, doi
    20. (1999). The Economic Consequences of Rolling Back the Welfare State (Cambridge, doi
    21. (2006). The German public pension system: How it will become and NDC system look-alike’, in Holzmann, Robert and Palmer, Edward (eds), Pension Reform: Issues and Prospects for Non-Financial Defined Contribution (NDC) Schemes, Washington DC: World Bank, doi
    22. (1996). The Missing Piece in Policy Analysis: doi
    23. (1966). The Social Insurance Paradox’, doi
    24. (2001). The Welfare State as Piggy Bank: Information, risk, uncertainty and the role of the State, doi
    25. (2006). What is NDC?,

    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.