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The Economic Future in Historical Perspective$
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Paul A. David and Mark Thomas

Print publication date: 2006

Print ISBN-13: 9780197263471

Published to British Academy Scholarship Online: January 2012

DOI: 10.5871/bacad/9780197263471.001.0001

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Paying for Old Age: Past, Present, Future

Paying for Old Age: Past, Present, Future

(p.478) (p.479) 17. Paying for Old Age: Past, Present, Future
The Economic Future in Historical Perspective

Mark Thomas

Paul Johnson

British Academy

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

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