R. Adami and O. Gough
Policy Studies, vol. 29, 2008, p. 119-135
Increasing longevity and falling fertility rates have prompted European governments to shift responsibility for funding retirement income from the state to the individual. Governments from both ends of the political spectrum are committed to the creation of sustainable pension systems through private saving for retirement. This article uses a quantitative approach to investigate individual saving behaviour in Italy and the UK and presents evidence of the factors determining saving for retirement in the two countries. Results show a common understanding of the need to save for retirement among young, middle-income groups, but that the English respondents actually save more than the Italians.