Public/Private Pension Mix, Income Inequality, and Poverty Among the Elderly in Europe: An Empirical Analysis Using New and Revised OECD Data

Been, Jim; Caminada, Koen; Goudswaard, Kees; Vliet, Olaf van

doi:10.2139/ssrn.2830508

Cited by 25 publications

(36 citation statements)

References 28 publications

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“…In addition, there was a difference in countries and in time periods. Been et al () focused on 17 European countries from 1995 to 2011, whereas the present study included 19 OECD countries from 1980 to 2011…”

Section: Private Pensions the Institutional Design Of Public Pensionmentioning

confidence: 99%

“…Van Vliet et al () showed in an earlier study that income inequality decreases when the share of private pensions increases, but their recent study shows that this relationship has reversed (Been et al, ). The present study used the same data as in the Been et al study.…”

Section: Private Pensions the Institutional Design Of Public Pensionmentioning

confidence: 99%

“…On the other hand, Van Vliet et al (2012) argued that an increase in private pensions is not related to an increase in income inequality amongst older people, nor is it related to a decrease in income inequality. However, when using the most recent OECD data set, they found that the increase in private pensions is related to an increase in income inequality (Been, Caminada, Goudswaard, & Van Vliet, 2016).…”

Section: The Institutional Design Of Public and Private Pensionsmentioning

confidence: 99%

“…In addition, there was a difference in countries and in time periods. Been et al (2016) focused on 17 European countries from 1995 to 2011, whereas the present study included 19 OECD countries from 1980 to 2011 However, this model does not consider the relationship between private pensions and the public pension system. As explained above, it is expected that the effect of private pensions will differ according to the institutional design of the public pension system, so the effect of private pensions in this model is likely to be unreliable.…”

Section: The Effect Of Private Pensions: Without Context Variablesmentioning

confidence: 99%

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The distributive impact of private pensions in the context of the institutional designs of public pension systems across OECD countries

Jang

2018

Int J Soc Welfare

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Income inequality has been increasing across the developed world for the last few decades. The welfare state has played an important role in reducing income inequality, but it has now entered into an era of transformation. The shift from public to private pension schemes is one of the main policy instruments in this shift. An increase in private pensions is expected to create an increase in income inequality. Therefore, using data from OECD SOCX, this study examined how the effect of private pensions on income inequality might be changed by the institutional design of public pension systems. The results suggest that the effect of private pensions differs when the institutional design of the public pension system is considered. An increase in private pensions is related to an increase in income inequality when the public pension has a low level of coverage and a high level of earnings‐relatedness.

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Section: Private Pensions the Institutional Design Of Public Pensionmentioning

confidence: 99%

Section: Private Pensions the Institutional Design Of Public Pensionmentioning

confidence: 99%

Section: The Institutional Design Of Public and Private Pensionsmentioning

confidence: 99%

Section: The Effect Of Private Pensions: Without Context Variablesmentioning

confidence: 99%

See 2 more Smart Citations

The distributive impact of private pensions in the context of the institutional designs of public pension systems across OECD countries

Jang

2018

Int J Soc Welfare

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“…We now have phrases in our common lexicon such as ‘the working poor’ (Bennett ), ‘pensioner poverty’ (Been et al ; Joseph Rowntree Foundation ), and ‘diseases of despair’ (Carryer, ). The ‘working poor’ captures people experiencing both absolute (whose income falls below the poverty line) and relative poverty (earns 50% less than average income), despite being in employment.…”

mentioning

confidence: 99%

Social justice for all: Are we there yet?

Jackson

Usher

2019

Int J Mental Health Nurs

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Public Pension Generosity and Old-Age Poverty in OECD countries

Kuitto

Madia

Podestà³

2021

J. Soc. Pol.

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Pension adequacy is gaining importance as old-age poverty remains a pressing problem. In many advanced welfare states, the population is ageing rapidly and recent pension reforms have led to cuts in public pension provision. There are, however, few comparative longitudinal studies on the relationship between pension generosity and old-age poverty. This study provides a comparative empirical assessment of how the prevalence and depth of old-age poverty relates to generosity of public pension benefits in 14 advanced OECD welfare states from 1980-2010. We focus on the role of mandatory public pension provision of mainly first tier schemes that grant the major share of retirees’ income in most countries. We use data on theoretical pension replacement rates for retirees who had different working-age incomes. In order to address endogeneity issues, we adopt an instrumental-variable approach. Our main finding shows that pensions systems and earnings-related schemes, in particular, are quite efficient in reducing the risk of old-age poverty. Yet they still do very little to alleviate poverty among those pensioners in the most disadvantaged situations. We also found that redistribution within the pension system does not substantially contribute to poverty alleviation.

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Public/Private Pension Mix, Income Inequality, and Poverty Among the Elderly in Europe: An Empirical Analysis Using New and Revised OECD Data

Cited by 25 publications

References 28 publications

The distributive impact of private pensions in the context of the institutional designs of public pension systems across OECD countries

The distributive impact of private pensions in the context of the institutional designs of public pension systems across OECD countries

Social justice for all: Are we there yet?

Public Pension Generosity and Old-Age Poverty in OECD countries

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