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Journal Article

The financial well-being of elderly people in Europe and the redistributive effects of minimum pension schemes

Authors

Publication date

Aug 2013

Abstract

This study analyses the financial well-being of elderly people across Europe. Using the European microsimulation model EUROMOD, which facilitates the identification of minimum pension schemes in a comparable way across countries, we gather together new empirical findings on the redistributive effects of the minimum pension scheme in a range of European countries. In particular we quantify the extent to which these schemes contribute to alleviate elderly poverty across Europe. Nevertheless, the financial well-being of older people depends crucially on the pension system as a whole. Countries with generous minimum pension schemes seem to allocate relatively fewer resources to other pillars of the pension system. On the one hand, they are more effective in reducing elderly poverty rates. On the other hand, they fail to ensure a level of financial well-being of older people in line with the overall population.

Published in

Rivista Italiana degli Economisti

Volume and page numbers

18 , 149 -174

ISSN

16

Subjects

Older People, Poverty, and Microsimulation

Links

http://www.rivisteweb.it/doi/10.1427/73846

Notes

Not held in Research Library - bibliographic reference only


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  2. The effect of minimum pension schemes and recent reforms to them on the financial well-being of older people

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