Retirement Income Policy and Intergenerational Equity

214 pages. Cover worn. Text tannedPopulation ageing is widely recognised as a major issue throughout the world. A crucial implication of ageing is its impact on retirement income policy. Having a reliable income in retirement or being able to look forward to a comfortable s tandard of living is important for everyone. It is not just a concern for older or even middle-aged people. Retirement income policy raises questions of fairnes s and intergenerational equity. Whether a tax-funded pension system is sustainab le depends on the balance between the number of recipients and the number of tax payers who can contribute to it. If the financial support of pensioners is indee d a 'burden', then how could that fiscal burden be shared between current and fu ture taxpayers, and pension recipients? These and related issues are discussed i n Retirement Income Policy and Intergenerational Equity in a series of papers fr om a wide range of perspectives. These papers were originally presented at a con ference run by the Institute of Policy Studies, with the support of the Retireme nt Commissioner, in July 2010.…