Chapter

Paying for Old Age: Past, Present, Future

Mark Thomas and Paul Johnson

in The Economic Future in Historical Perspective

Published by British Academy

Published in print February 2006 | ISBN: 9780197263471
Published online February 2012 | e-ISBN: 9780191734786 | DOI: http://dx.doi.org/10.5871/bacad/9780197263471.003.0018

Series: British Academy Centenary Monographs

Paying for Old Age: Past, Present, Future

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This chapter focuses on one fundamental aspects of an ageing population — how to pay for old age, individually and collectively. It also presents a study of the history of old age support in the UK and US and concludes that despite the quite different beginnings of the public pension and social security systems, government policy in both countries has become similarly locked in to a set of institutional arrangements which were devised to respond to immediate social and economic problems, but which have acquired a rationale and a dynamic of their own.

Keywords: ageing; old age; old age support; pension; social security systems

Chapter.  11088 words.  Illustrated.

Subjects: Economic History

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