Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/20108
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dc.contributor.authorBell, Daviden_UK
dc.contributor.authorComerford, Daviden_UK
dc.contributor.authorEiser, Daviden_UK
dc.date.accessioned2018-01-25T01:47:05Z-
dc.date.available2018-01-25T01:47:05Z-
dc.date.issued2014-02en_UK
dc.identifier.urihttp://hdl.handle.net/1893/20108-
dc.description.abstractEconomic issues will be key determinants of the outcome of the Scottish referendum on independence. Pensions are a key element of the economic case for or against independence. The costs of funding pensions in an independent Scotland would be influenced by mortality risks, the costs of borrowing and the segmentation of costs and risks (i.e. pricing to Scotland’s experience rather than pooled across UK experience). We compare the overall costs of providing pensions in an independent Scotland against the resources that are available to cover these costs. Scotland has worse mortality experience than the UK as a whole, and Scottish government debt is likely to attract a liquidity premium relative to UK government debt. An independent Scottish government would have to create a bond market for public debt. The liquidity premium would make pensions cheaper to buy, but taxpayers or the consumers of public services would have to pay the cost.en_UK
dc.language.isoenen_UK
dc.publisherSAGEen_UK
dc.relationBell D, Comerford D & Eiser D (2014) Funding pensions in Scotland: would independence matter?. National Institute Economic Review, 227 (1), pp. R21-R31. https://doi.org/10.1177/002795011422700104en_UK
dc.rightsThe publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.en_UK
dc.rights.urihttp://www.rioxx.net/licenses/under-embargo-all-rights-reserveden_UK
dc.subjectpensionsen_UK
dc.subjectbondsen_UK
dc.subjectindependenceen_UK
dc.subjectrisk poolingen_UK
dc.subjectmortalityen_UK
dc.subjectyieldsen_UK
dc.titleFunding pensions in Scotland: would independence matter?en_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate2999-12-29en_UK
dc.rights.embargoreason[9 Bell.pdf] The publisher does not allow this work to be made publicly available in this Repository therefore there is an embargo on the full text of the work.en_UK
dc.identifier.doi10.1177/002795011422700104en_UK
dc.citation.jtitleNational Institute Economic Reviewen_UK
dc.citation.issn1741-3036en_UK
dc.citation.issn0027-9501en_UK
dc.citation.volume227en_UK
dc.citation.issue1en_UK
dc.citation.spageR21en_UK
dc.citation.epageR31en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusVoR - Version of Recorden_UK
dc.author.emaildavid.eiser@stir.ac.uken_UK
dc.contributor.affiliationEconomicsen_UK
dc.contributor.affiliationEconomicsen_UK
dc.contributor.affiliationEconomicsen_UK
dc.identifier.isiWOS:000212156300007en_UK
dc.identifier.scopusid2-s2.0-84893658022en_UK
dc.identifier.wtid631612en_UK
dc.contributor.orcid0000-0002-4538-6328en_UK
dc.date.accepted2014-01-31en_UK
dcterms.dateAccepted2014-01-31en_UK
dc.date.filedepositdate2014-05-08en_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionVoRen_UK
local.rioxx.authorBell, David|0000-0002-4538-6328en_UK
local.rioxx.authorComerford, David|en_UK
local.rioxx.authorEiser, David|en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2999-12-29en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||en_UK
local.rioxx.filename9 Bell.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source0027-9501en_UK
Appears in Collections:Economics Journal Articles

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