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A Dynamic Analysis of the Effect of Social Security Reform on Spanish Widow Pensioners

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  • Patricia Peinado

    ()
    (University of the Basque Country, Spain)

  • Felipe Serrano

    ()
    (University of the Basque Country, Spain)

Abstract

This paper shows the dynamic effects of the reform of the Spanish social security pension system on the pensions received by one of the most vulnerable groups of the population, namely, widows. We undertake a duration analysis to account for the effects of reform over time. We study the effects on the widows’ overall financial welfare in terms of the evolution of their risk of poverty. We show that the combined effects of the measures to be implemented will have a positive impact; that is to say, the risk of poverty diminishes with respect to the current financial situation of the widows. However, the risk of poverty increases as the pensioners get older

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Bibliographic Info

Article provided by Savez ekonomista Vojvodine, Novi Sad, Serbia in its journal Panoeconomicus.

Volume (Year): 58 (2011)
Issue (Month): 5 (December)
Pages: 759-771

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Handle: RePEc:voj:journl:v:58:y:2011:i:5:p:759-771

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Web page: http://www.panoeconomicus.rs/

Related research

Keywords: Dynamic welfare; Widow; Pension; Social security; Policy reforms;

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References

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  1. Lachance, Marie-Eve, 2008. "Pension reductions: can welfare be preserved by delaying retirement?," Journal of Pension Economics and Finance, Cambridge University Press, vol. 7(02), pages 157-177, July.
  2. Peinado, Patricia & Serrano, Felipe, 2012. "A dynamic analysis of the effects on pensioners’ welfare of social security reforms," Journal of Pension Economics and Finance, Cambridge University Press, vol. 11(01), pages 71-87, January.
  3. Legros, Florence & Gonand, Frédéric, 2009. "Pension Reforms in France : Impact on Growth and Inter-generational Redistributive Effects," Economics Papers from University Paris Dauphine 123456789/7957, Paris Dauphine University.
  4. Jongkyun Choi, 2006. "The Role of Derived Rights for Old-age Income Security of Women," OECD Social, Employment and Migration Working Papers 43, OECD Publishing.
  5. Pfau, Wade Donald, 2006. "Comparing the Impacts of Social Security Benefit Reductions on the Income Distribution of the Elderly," MPRA Paper 19033, University Library of Munich, Germany.
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Cited by:
  1. Patricia Peinado & Felipe Serrano, 2014. "Fiscal Crisis, Social Security Reform and Vulnerable Population," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(1), pages 129-143, Februar.
  2. Miroslav Verbič & Rok Spruk, 2014. "Aging Population and Public Pensions: Theory and Macroeconometric Evidence," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(3), pages 289-316, June.

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