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

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  • Patricia Peinado
  • Felipe Serano

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. Key words: Dynamic welfare, Widow, Pension, Social security, Policy reforms.JEL: H55, I38, J14.

Suggested Citation

  • Patricia Peinado & Felipe Serano, 2011. "A Dynamic Analysis of the Effect of Social Security Reform on Spanish Widow Pensioners," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(5), pages 759-771.
    • Handle: RePEc:voj:journl:v:58:y:2011:i:5:p:759-771:id:340
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    More about this item

    Keywords

    Dynamic welfare; Widow; Pension; Social security; Policy reforms;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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