Pension reforms and saving gains in the United Kingdom
journal contribution
posted on 2006-05-30, 11:36authored byBrigitte Granville, Sushanta K. Mallick
The empirical validity of the effect of pension reforms on domestic savings in the UK has been investigated using an Auto-regressive Distributed Lag (ARDL) model capable of testing for the existence of a long-run relationship regardless of whether the underlying time series are individually I(1) or I(0). The total savings response to change in pension savings is positive and significant, but an increase in occupational pension saving appears offset by a decrease in other forms of saving. This paper concludes that there is no firm evidence that aggregate savings increase considerably because of privately funded pension schemes.
History
School
Business and Economics
Department
Economics
Pages
291445 bytes
Citation
GRANVILLE, B. and MALLICK, S., 2004. Pension reforms and saving gains in the United Kingdom. Policy Reform, 7(2), pp. 123-136