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

Publication type

EUROMOD Working Paper Series

Series Number

EM7/11

Series

EUROMOD Working Paper Series

Authors

Publication date

December 23, 2011

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 show the extent to
which these schemes serve to reduce the risk of poverty among elderly. The main findings show that there is a strong
correlation between the resources allocated to the minimum pension schemes and
the reduction in poverty risk among the elderly. 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.

Subjects


Related Publications

Paper download  

#520437

News

Latest findings, new research

Publications search

Search all research by subject and author

Podcasts

Researchers discuss their findings and what they mean for society

Projects

Background and context, methods and data, aims and outputs

Events

Conferences, seminars and workshops

Survey methodology

Specialist research, practice and study

Taking the long view

ISER's annual report

Themes

Key research themes and areas of interest