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PUNISHING THE POOR: A CRITIQUE OF MEANS‐TESTED RETIREMENT BENEFITS
Author(s) -
Juurikkala Oskari
Publication year - 2008
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.2008.00794.x
Subject(s) - incentive , work (physics) , economics , empirical evidence , labour economics , public economics , actuarial science , microeconomics , engineering , mechanical engineering , philosophy , epistemology
Means‐tested retirement benefits create strong disincentives to work and to save prior to retirement. This article outlines the structure of means‐tested benefits in the UK and the USA, and reviews the theoretical and empirical evidence of their incentive effects.