Participation in Workplace Pension Schemes and the Effect of Provision: Evidence From the United Kingdom
Published online on August 09, 2017
Abstract
This study investigates the effect of public policies enforcing workplace pension plan provision on participation rates. Using British data covering almost two decades (1992‐2009), I identify the potential opt‐in rate among private sector workers who haven't been offered a workplace pension plan if they had been offered the opportunity to join a saving scheme. I find that universal provision of workplace pension schemes alone could generate a major impact on pension coverage.
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