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| Pension policy in EU25 and its possible impact on elderly poverty | | Author(s) | Asghar Zaidi, Aaron George Grech, Michael Fuchs |
| Corporate Author | ESRC Centre for Analysis of Social Exclusion - CASE, Suntory-Toyota International Centres for Economics and Related Disciplines - STICERD, London School of Economics and Political Science |
| Publisher | STICERD, London, 2006 |
| Pages | 33 pp (CASEpaper 116) |
| Source | Centre for Analysis of Social Exclusion, London School of Economics, Houghton Street, London WC2A 2AE. http://sticerd.lse.ac.uk/case |
| Keywords | Pensions ; Social policy ; Poor elderly ; European Union. |
| Annotation | This paper reviews changes in pension policies in European Union (EU) member states between 1995 and 2005, and describes how they might affect risk of poverty for future pensioner populations in the enlarged EU25. The pensions landscape in Europe has changed considerably in the past decade, and the paper highlights commonalities as well as differences in pension reforms across these countries. A common trend is that as retirement incomes drawn from public pension systems are on the decline, the changes are likely to shift more risks towards individuals, and there are fewer possibilities of redistribution in favour of those on lower incomes. The paper includes exploratory projections of how the risk of old age poverty might evolve inn the future. The countries where the benefit ratio is set to decline significantly, as expected, would see at-risk poverty rates increase quite substantially, especially during the period 2025-2050, when the bulk of the decline is expected. The analysis points toward the importance of a more comprehensive assessment of the reforms, in particular in their impact on vulnerable groups (such as women and disabled people with disrupted work histories) and in the clarity of the signals they give to individuals extending their working career if they want to avoid greater risks of poverty during retirement. (RH). |
| Accession Number | CPA-070116209 B |
| Classmark | JJ: TM2: F:W6: WFC |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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