Sustainable and Equitable Retirement in a Life Course Perspective

Esping‐Andersen, Gøsta; Myles, John

doi:10.1093/oxfordhb/9780199272464.003.0042

Cited by 10 publications

(5 citation statements)

References 15 publications

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“…It is hardly possible to capture this time dimension in a macro-level analysis. Another factor that might influence pension benefits and incomes of elderly people is the prevalence of deficiencies in contributions paid in the past (EspingAnderson and Myles, 2006). Future empirical research based on micro-data, in which it is possible to control for individual characteristics, may provide more insight into the relationship between pension reform and income inequality.…”

Section: Discussionmentioning

confidence: 99%

Pension Reform and Income Inequality Among the Elderly in 15 European Countries

Vliet

Been

Caminada³

et al. 2011

SSRN Journal

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The ageing of populations and hampering economic growth increase pressure on public finances in many advanced capitalist societies. Consequently, governments have adopted pension reforms in order to relieve pressure on public finances. These reforms have contributed to a relative shift from public to private pension schemes. Since private social security plans are generally less redistributive than public social security, it can be hypothesized that the privatization of pension plans has led to higher levels of income inequality among the elderly. Existing empirical literature has mainly focused on cross-country comparisons at one moment in time or on time-series for a single country. This study contributes to the income inequality and pension literature by empirically analysing the distributional effects of shifts from public to private pension provision in 15 European countries for the period 1995-2007, using pooled time series cross-section regression analyses. Remarkably, we do not find empirical evidence that shifts from public to private pension provision lead to higher levels of income inequality or poverty among elderly people. The results appear to be robust for a wide range of econometric specifications. JEL-codes: H53, H55, and I32

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Section: Discussionmentioning

confidence: 99%

Pension Reform and Income Inequality Among the Elderly in 15 European Countries

Vliet

Been

Caminada³

et al. 2011

SSRN Journal

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“…Discussion of pension reform is overly focused on public finances (Esping-Andersen and Myles 2006). To facilitate the sustainability of pension systems, many analysts propose a combination of contribution increases, benefit cuts, increases in retirement age, and increases in the contribution period needed to qualify for full pensions.…”

Section: Discussion: No Universal Public Policy For Agingmentioning

confidence: 99%

Welfare Regimes for Aging Populations: No Single Path for Reform

Aysan

Beaujot

2009

Population & Development Rev

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We consider recent trends in pension policies in OECD countries in light of demographic aging associated with welfare regime type (Liberal, Social Democratic, Continental, and Southern European). These regime types represent different responsibilities assumed for social security on the part of the market, the state, and the family. While there are significant differences in labor market characteristics, the demographic similarities in aging bring similar pressures for pension reforms across OECD countries. These reforms address fiscal issues in state pensions, typically by increasing the length of the working life, placing more of the pension responsibility on individuals, or converting to defined-contribution approaches. Our study shows that there is no single path for pension reform. While there are some variations, welfare states tend to follow their traditional paths, which differ across welfare regime types. Copyright (c) 2009 The Population Council, Inc..

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“…It is hardly possible to capture this time dimension in a macro‐level analysis. Another factor that might influence pension benefits and incomes of older people is the prevalence of deficiencies in contributions paid in the past (Esping‐Anderson & Myles, 2006). Future empirical research based on micro‐data, in which it is possible to control for individual characteristics, may provide more insight into the relationship between pension reform and income inequality.…”

Section: Discussionmentioning

confidence: 99%

Pension reform and income inequality among older people in 15 European countries

et al. 2012

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van Vliet O, Been J, Caminada K, Goudswaard K. Pension reform and income inequality among older people in 15 European countries The ageing of populations and hampering of economic growth have increased pressure on public finances in many advanced capitalist societies. Consequently, governments have adopted pension reforms in order to relieve pressure on public finances. These reforms have contributed to a relative shift from public to private pension schemes. As private social security plans are generally less redistributive than public social security, it can be hypothesised that the privatisation of pension plans has led to higher levels of income inequality among older people. This study contributes to the income inequality and pension literature by empirically analysing the distributional effects of shifts from public to private pension provision in 15 European countries for the period 1995–2007. We do not find evidence that shifts from public to private pension provision lead to higher levels of income inequality or poverty among older people. The results appear to be robust for a wide range of econometric specifications.

show abstract

Sustainable and Equitable Retirement in a Life Course Perspective

Cited by 10 publications

References 15 publications

Pension Reform and Income Inequality Among the Elderly in 15 European Countries

Pension Reform and Income Inequality Among the Elderly in 15 European Countries

Welfare Regimes for Aging Populations: No Single Path for Reform

Pension reform and income inequality among older people in 15 European countries

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