The Public–Private Mix of Retirement Income in Nine OECD Countries: Some Evidence from Micro Data and an Exploration of its Implications

Casey, Bernard; Yamada, Atsuhiro

doi:10.4337/9781781951040.00027

Cited by 10 publications

(7 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Many studies of income in old age deal with the likelihood of poverty among elderly people relative to younger age groups, and address such questions as how many of the old are poor, and how many of the poor are old. They have found that since the mid-1970s income levels in old age have generally improved, at least in many developed societies, alongside the development of pension systems (Casey and Yamada 2004 ;Smeeding 1990). Smeeding, Rainwater and Burtless (2001)'s study of Organisation for Economic Co-operation and Development (OECD) member countries based on the Luxembourg Income Study showed that 13 of 17 had experienced a decrease in relative poverty rates among older people since the late 1970s.…”

Section: Introductionmentioning

confidence: 99%

No way out but working? Income dynamics of young retirees in Korea

Yang

2010

Ageing and Society

View full text Add to dashboard Cite

Older people in Korea have a higher risk of poverty than younger adults, but the dynamics of income changes around the time of retirement have received little attention. This paper attempts to fill this gap by examining changes in the level and sources of income around the time of retirement, with retirement being defined as separation from one's main lifetime employment. It uses longitudinal data from the Korean Labour and Income Panel Study's Waves 1–9, and follows 580 younger retirees aged at least 50 years who retired during 1998–2005. The paper demonstrates that the prevalence of low income across the retirement transition was related to gender, previous career status and current working status. In particular, there was a noticeable increase in the prevalence of low income among permanent retirees compared to those who continued working in retirement. It also examines different factors associated with the individuals' economic wellbeing after retirement, and finds that working status in retirement is indeed the factor that most influences the probability of low-income entry among male retirees, while for women, the nature of co-residence with working household member(s) and household assets most mattered. From this, the paper concludes that being in paid work after retirement remains an important substitute for the immature old-age safety-net in Korea.

show abstract

Section: Introductionmentioning

confidence: 99%

No way out but working? Income dynamics of young retirees in Korea

Yang

2010

Ageing and Society

View full text Add to dashboard Cite

show abstract

“…In general, it is expected that private schemes will generate less income redistribution than public programmes, although at this stage the distributional impact when private social schemes are taken into account in cross-country analyses is not fully clear. It is reasonable to suggest that mainly higher-income groups will make use of private social schemes (Casey and Yamada, 2002). Research by Swabisch, Smeeding and Osberg (2006) suggests that as income differences between higherincome groups and those with lower incomes widen, the former find it easier to opt out of public programmes and to buy substitutes for social insurance in the private market.…”

mentioning

confidence: 98%

The redistributive effect of public and private social programmes: A cross‐country empirical analysis

Goudswaard

Caminada

2009

Int Social Security Review

View full text Add to dashboard Cite

A function of many national social protection systems is to substantially redistribute income. However, the size and nature of social protection programmes are changing. In a number of countries there has been a shift from public towards private social protection arrangements, with the latter substituting for, or complementing, public programmes. Developing earlier work, this present article analyses the redistributive impact on income of public versus private social protection programmes. Using recent data from the Organisation for Economic Co-operation and Development, we find a strong positive relationship between public social expenditures and income redistribution across countries. For private social expenditures, we find a weak, but statistically significant, negative relationship with the level of redistribution. In countries where a larger share of total social expenditure is accorded to private arrangements there is less income redistribution. We conclude that the choice between the relative weight of public and private provision of social protection affects the redistributive impact of the welfare state.i ssr_1351 1..20

show abstract

“…A ce stade, toutefois, l'impact distributeur n'est pas très clair si l'on prend en compte les régimes sociaux privés dans les analyses basées sur différents pays. Il semble raisonnable de suggérer que ce sont surtout les groupes à revenus élevés qui utiliseront les régimes sociaux privés (Casey et Yamada, 2002). Les travaux de recherche de Swabish, Smeeding et Osberg (2006) laissent à penser que les différences de revenus entre les groupes à revenus élevés et ceux dont les revenus sont plus faibles s'accentuent.…”

Section: Dépenses Sociales Publiques Et Privéesunclassified

L'effet redistributeur des programmes sociaux publics et privés: une analyse empirique basée sur plusieurs pays

Goudswaard¹,

Caminada²

2010

Rev Int Securite Sociale

View full text Add to dashboard Cite

Résumé L'une des fonctions de nombreux systèmes nationaux de protection sociale consiste à redistribuer le revenu dans d'importantes proportions. Mais la taille et la nature des programmes de protection sociale sont en pleine évolution. Dans un certain nombre de pays, l'on a assistéà une réorientation du public vers le privé en matière de dispositions de protection sociale, les dispositions privées venant remplacer ou compléter les programmes publics. En s'appuyant sur des travaux antérieurs, le présent article analyse l'impact redistributeur du revenu des programmes publics de protection sociale par opposition aux programmes privés. En utilisant des données récentes de l'Organisation de coopération et de développement économiques (OCDE), nous constatons l'existence, dans plusieurs pays, d'une relation positive très forte entre les dépenses sociales publiques et la redistribution du revenu. S'agissant des dépenses sociales privées, on observe une relation négative faible, mais statistiquement significative, avec le niveau de redistribution. Dans les pays dans lesquels une plus grande part des dépenses sociales totales est attribuée aux dispositions privées, il y a moins de redistribution du revenu. Nous concluons que le choix entre poids relatif des dispositions publiques et dispositions privées en matière de protection sociale a une incidence sur l'impact redistributeur de l'Etat protecteur.

show abstract

The Public–Private Mix of Retirement Income in Nine OECD Countries: Some Evidence from Micro Data and an Exploration of its Implications

Cited by 10 publications

References 1 publication

No way out but working? Income dynamics of young retirees in Korea

No way out but working? Income dynamics of young retirees in Korea

The redistributive effect of public and private social programmes: A cross‐country empirical analysis

L'effet redistributeur des programmes sociaux publics et privés: une analyse empirique basée sur plusieurs pays

Contact Info

Product

Resources

About