Portal de Periódicos da CAPES

Credible Pensions*

2005; Wiley; Volume: 26; Issue: 1 Linguagem: Inglês

10.1111/j.1475-5890.2005.00006.x

1475-5890

Timothy Besley, Andrea Prat,

Retirement, Disability, and Employment

Fiscal StudiesVolume 26, Issue 1 p. 119-135 Credible Pensions* Timothy Besley, Timothy Besley London School of Economics; Institute for Fiscal Studies ([email protected])Search for more papers by this authorAndrea Prat, Andrea Prat London School of Economics ([email protected])Search for more papers by this author Timothy Besley, Timothy Besley London School of Economics; Institute for Fiscal Studies ([email protected])Search for more papers by this authorAndrea Prat, Andrea Prat London School of Economics ([email protected])Search for more papers by this author First published: 18 March 2005 https://doi.org/10.1111/j.1475-5890.2005.00006.xCitations: 18 * This research forms part of the UBS–LSE Pensions Research Programme. The authors are grateful to participants in the British Association, Festival of Science meeting for comments and to Nicholas Barr, Howard Glennerster, John Hills and Helen Simpson for helpful feedback on an earlier draft. AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat Abstract One of the main problems in pension policy is to develop an institutional framework that guarantees that public and private pensions promises are kept. This paper discusses how the governance of public and private pensions is key to making such promises credible. It argues that credibility concerns undermine the case for earnings-related pensions run by the state and private defined benefit plans. References Bergstresser, D., Desai, M. A. and Rauh, J. 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