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Minimum pensions and safety nets in old age
 — a comparative analysis
Author(s)Martin Evans, Jane Falkingham
Corporate AuthorSuntory and Toyota International Centres for Economics and Related Disciplines - STICERD, London School of Economics and Political Science
PublisherSTICERD, London, 1997
Pages58 pp (WSP/131)
SourceJane Dickson, Programme Administrator, STICERD, London School of Economics, Houghton Street, London WC2A 2AE.
KeywordsPensions ; Cost of living ; Remuneration ; Mathematical models ; Australia ; Chile ; Italy ; Poland ; Sweden ; United Kingdom.
AnnotationThis paper compares the performance of public pensions in providing a minimum income in old age in Australia, Chile, Italy, Poland, Sweden and the UK. It uses hypothetical individual life histories to assess the impact of low pay, unemployment, part-time work, and absences from work to care for children on pension entitlement on reaching pensionable age in each country. Pensions from each national pension system are calculated according to current rules for the duration of each hypothetical life history, and are evaluated using four relative standards: the Relative Income Standard; the Relative Minimum Standard; the Relative Safety Net Standard; and the performance of the pension in maintaining living standards, as measured by the replacement rate - the value of pension as a proportion of earnings in the final year.
Accession NumberCPA-970828201 B
ClassmarkJJ: J3C: WL: 3LM: 7YA: 7WA: 76V: 7AE: 76P: 8

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