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Pension Systems And Economic Well-Being Of Older People: A Synthetic Indicator For The Oecd Countries

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  • Martínez Roget, Fidel
  • Murias Fernández, Pilar
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    Abstract

    In developed countries, pension systems are the basic instrument to guarantee the economic well-being of older people. Their particular contribution to this well-being varies along countries as a result of the different objectives, configuration and the effectiveness of each pension system. This work analyses the economic well-being derived from pensions systems to older people in the OECD countries. We use Data Envelopment Analysis to capture the multidimensional perspective because it is able to respect the peculiarities and idiosincrasies behind the pension system in each country. The results show that different systems can facilitate similar levels of economic well-being for the elders through different paths.

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    File URL: http://www.usc.es/econo/RGE/Vol20_ex/castelan/art4c.pdf
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    Bibliographic Info

    Article provided by University of Santiago de Compostela. Faculty of Economics and Business. in its journal Revista Galega de Economía.

    Volume (Year): 20 (2011)
    Issue (Month): ex ()
    Pages:

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    Handle: RePEc:sdo:regaec:v:20:y:2011:i:ex_4

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    Postal: Avda Xoan XXIII S/N, 15704 Santiago de Compostela
    Web page: http://www.usc.es/econo/RGE/benvidag.htm
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    Related research

    Keywords: OECD; Pensions; Economic well-being; DEA.;

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    1. Zhu, Joe, 2001. "Multidimensional quality-of-life measure with an application to Fortune's best cities," Socio-Economic Planning Sciences, Elsevier, vol. 35(4), pages 263-284, December.
    2. Michela Nardo & Michaela Saisana & Andrea Saltelli & Stefano Tarantola & Anders Hoffman & Enrico Giovannini, 2005. "Handbook on Constructing Composite Indicators: Methodology and User Guide," OECD Statistics Working Papers 2005/3, OECD Publishing.
    3. Lars Osberg & Andrew Sharpe, 2002. "International Comparisons of Trends in Economic Well-being," Social Indicators Research, Springer, vol. 58(1), pages 349-382, June.
    4. Pilar Murias & Fidel Martinez & Carlos Miguel, 2006. "An Economic Wellbeing Index for the Spanish Provinces: A Data Envelopment Analysis Approach," Social Indicators Research, Springer, vol. 77(3), pages 395-417, 07.
    5. Lars Osberg & Andrew Sharpe, 2005. "How Should We Measure The "Economic" Aspects Of Well-Being? ," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(2), pages 311-336, 06.
    6. Osberg, Lars & Sharpe, Andrew, 2002. "An Index of Economic Well-Being for Selected OECD Countries," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 48(3), pages 291-316, September.
    7. Storrie, Donald & Bjurek, Hans, 2000. "Benchmarking European labour market performance with efficiency frontier techniques," Discussion Papers, Research Unit: Labor Market Policy and Employment FS I 00-211, Social Science Research Center Berlin (WZB).
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