Public policy and retirement saving incentives in the United Kingdom

Demographic realities will soon force developed countries to find ways to pay for longer retirements for more people. In Pension Strategies in Europe and the United States, leading economists analyze topical issues in pension policy, with a focus on raising the retirement age, increasing retirement savings, and the political sustainability of reforms that will accomplish these goals. The U.K. has enacted many different reforms in pursuit of these goals. We argue that savers' responses have generally seemed strikingly sensible in the sense that they have been in line with the financial incentives implicit in the reforms.