Abstract
This chapter focuses on the pensions and life-cycle savings profiles in the UK. Differences that are observed across age groups in a cross section could be a result of newer generations being wealthier than their predecessors because of economic growth or a result of different generations having lived through different business cycles. To capture less-frequent purchases, the Family Expenditure Survey (FES) records recall information on large items-such as furniture and holidays-purchased over a longer period. Spending on certain items-such as fuel expenditures-is collected from the most recent bill over the relevant period for the household's method of payment. Private pension schemes and occupational pensions in particular have been an integral element in the UK pension arrangements for more than four decades. Since the 1960s, a more or less stable portion of about half the working population has been covered by an occupational pension. © 2003 Elsevier Inc. All rights reserved..
| Original language | English |
|---|---|
| Title of host publication | Life-Cycle Savings and Public Policy: A Cross-National Study of Six Countries|Life-Cycle Sav. and Public Policy: A Cross-Natl. Study of Six Ctries. |
| Subtitle of host publication | A cross-national study of six countries |
| Place of Publication | London |
| Publisher | Elsevier BV |
| Pages | 257-313 |
| Number of pages | 56 |
| DOIs | |
| Publication status | Published - 2003 |
