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dc.contributor.authorFigari, Francescoen_US
dc.contributor.authorMatsaganis, Manosen_US
dc.contributor.authorSutherland, Hollyen_US
dc.date.accessioned2012-02-09en_US
dc.date.accessioned2012-10-15T14:12:51Z-
dc.date.available2012-10-15T14:12:51Z-
dc.date.issued2011en_US
dc.identifier.urihttp://hdl.handle.net/10419/64883-
dc.description.abstractThis 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.en_US
dc.language.isoengen_US
dc.publisherUniv. of Essex, Institute for Social and Economic Research Colchesteren_US
dc.relation.ispartofseriesEUROMOD Working Paper EM7/11en_US
dc.subject.jelC81en_US
dc.subject.jelH55en_US
dc.subject.jelI38en_US
dc.subject.ddc330en_US
dc.subject.keywordminimum pensionsen_US
dc.subject.keywordEuropean Unionen_US
dc.subject.keywordmicrosimulationen_US
dc.subject.keywordpovertyen_US
dc.subject.keywordelderlyen_US
dc.titleThe financial well-being of older people in Europe and the redistributive effects of minimum pension schemesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn68500712Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:EUROMOD Working Paper Series, Institute for Social and Economic Research (ISER), University of Essex

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