Author's Keywords: Keywords: path dependence, lock-in, historical institutionalism, pensions, welfare, Britain, British politics	Convention Need a solution for abstract management? All Academic can help! Contact us today to find out how our system can help your annual meeting. Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf. Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets! Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more! Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering. Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more! Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches! Click here for more information.
Association: Name: American Political Science Association URL: http://www.apsanet.org
Citation: URL: http://www.allacademic.com/meta/p66607_index.html Direct Link: HTML Code:

Pemberton, Hugh. "STORING UP PROBLEMS FOR THE FUTURE? PATH DEPENDENCE AND BRITAIN'S PRESENT PENSIONS CRISIS." Paper presented at the annual meeting of the American Political Science Association, Boston Marriott Copley Place, Sheraton Boston & Hynes Convention Center, Boston, Massachusetts, Aug 28, 2002 <Not Available>. 2009-05-27 <http://www.allacademic.com/meta/p66607_index.html>

Pemberton, H. , 2002-08-28 "STORING UP PROBLEMS FOR THE FUTURE? PATH DEPENDENCE AND BRITAIN'S PRESENT PENSIONS CRISIS." Paper presented at the annual meeting of the American Political Science Association, Boston Marriott Copley Place, Sheraton Boston & Hynes Convention Center, Boston, Massachusetts Online <.PDF>. 2009-05-27 from http://www.allacademic.com/meta/p66607_index.html

Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: Unlike many countries, Britain?s present pensions ?crisis? is not due to a discrepancy between public pension revenue and expenditure. A major problem is the low level of pensions saving across the system as a whole. Recent reports suggest that this is due in large part to the enormous complexity of British pensions. This paper argues that the British system of pensions, both public and private, demonstrates a systemic tendency to increasing complexity as a result of the path dependent nature of pensions. The most important contributor to this path dependency, it is argued, is not increasing returns (as path dependence theory would suggest) but the contractual nature of pensions. The paper uses empirical evidence from the decade and a half following the introduction of Britain?s system of universal state pensions in 1946 to support this assertion. It argues that by 1961 a system of mass pensions characterised by a single element had come to comprise three elements, that each of these elements was from the outset locked in by contractual obligations, and that this contractual lock-in was the primary cause of the increasing complexity of the system. Check author's web site for an updated version of the paper.

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