2019
DOI: 10.1007/s10797-019-09565-6
|View full text |Cite
|
Sign up to set email alerts
|

What happens to workplace pension saving when employers are obliged to enrol employees automatically?

Abstract: We examine the effect of obliging employers to enrol employees automatically into a workplace pension scheme. We exploit the phased roll-out of automatic enrolment, by employer size, in the first country to do so nationwide (the UK), to estimate its effect on pension saving among private sector employees. We find substantial increases in pension participation and a rise in pension saving. Surprisingly, many newly enrolled employees received an employer contribution substantially above the (very low) minimum de… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

3
33
0

Year Published

2019
2019
2023
2023

Publication Types

Select...
5
1

Relationship

3
3

Authors

Journals

citations
Cited by 18 publications
(36 citation statements)
references
References 22 publications
3
33
0
Order By: Relevance
“…By March 2018, all employers had to enrol their targeted employees automatically . Cribb and Emmerson () find that this policy has caused the workplace pension membership of targeted private‐sector employees to rise by 36 percentage points, and the increase has been larger for younger workers than older workers, a fact that can also be seen clearly in Figure .…”
Section: Resultsmentioning
confidence: 86%
“…By March 2018, all employers had to enrol their targeted employees automatically . Cribb and Emmerson () find that this policy has caused the workplace pension membership of targeted private‐sector employees to rise by 36 percentage points, and the increase has been larger for younger workers than older workers, a fact that can also be seen clearly in Figure .…”
Section: Resultsmentioning
confidence: 86%
“…10 Cribb and Emmerson, 2016. 11 Cribb and Emmerson, 2019. The average pension contribution rate (from employer and employee contributions combined) among private sector employees fell gradually between 2005 and 2012 among all but the youngest pension members (as shown in Figure 2.1b). Since 2012, there has been a dramatic fall in average contribution rates among those who are members of a pension.…”
Section: Retirement Savingmentioning
confidence: 95%
“…As a result, saving attitudes, expectations and behaviour are likely to reflect the current economic context, including both short-and long-run trends in incomes and investment returns. 12 Cribb and Emmerson, 2019;Bourquin. Cribb and Emmerson, 2020 The biggest factor to take into account, when thinking about saving, is what has been happening to incomes.…”
Section: Economic Environmentmentioning
confidence: 99%
See 2 more Smart Citations