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

Publication type

Journal Article

Authors

Publication date

August 15, 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

Volume: 18 , p.149 -174

ISSN

15938662

Subjects

Link

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

Notes

Not held in Research Library - bibliographic reference only

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