Research Repository

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

Figari, F and Matsaganis, M and Sutherland, H (2013) 'The financial well-being of elderly people in Europe and the redistributive effects of minimum pension schemes.' Rivista Italiana degli Economisti, 18 (2). 149 - 174. ISSN 1593-8662

Full text not available from this repository.

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 schemes 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.

Item Type: Article
Uncontrolled Keywords: minimum pensions, European Union, microsimulation, poverty, elderly
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HJ Public Finance
Divisions: Faculty of Social Sciences > Institute for Social and Economic Research
Depositing User: Jim Jamieson
Date Deposited: 30 Jan 2014 15:24
Last Modified: 17 Aug 2017 17:54
URI: http://repository.essex.ac.uk/id/eprint/8717

Actions (login required)

View Item View Item