IDEAS home Printed from https://ideas.repec.org/p/lis/liswps/561.html
   My bibliography  Save this paper

Occupational Welfare Policies and Pension Income Inequalities: Case Studies of Pension Systems in Denmark, Finland, and the United Kingdom

Author

Listed:
  • J rg Neugschwender

Abstract

This paper provides an overview of different approaches to old age security and their societal outcome in three advanced welfare states: Denmark, Finland, and the United Kingdom. All three countries established a public first tier minimum pension, which was also pursued in the following. Reform paths in the area of supplementary private systems show a broad variation in terms of regulation. As a result, income inequalities among the elderly could reveal specific characteristics. Data evaluations of the Luxembourg Income Study measure the outcomes of these public-private mixes among the current elderly population. Analyses by socio-demographic and socio-economic characteristics allow detailed interpretation of public and private pension income sources and income levels. Finnish providers are strongly involved in occupational pension provision, whereas public benefits decrease in importance. British retirees have mixed their provision mix strongly, but high income earners tend to maintain less of their previous income. Danish pensioners are selectively covered with private pension income, which keeps benefits of middle income pensioners rather close to the minimum pension amount – a scenario which is slightly changing since the introduction of mandatory occupational pensions in the 90s.

Suggested Citation

  • J rg Neugschwender, 2011. "Occupational Welfare Policies and Pension Income Inequalities: Case Studies of Pension Systems in Denmark, Finland, and the United Kingdom," LIS Working papers 561, LIS Cross-National Data Center in Luxembourg.
    • Handle: RePEc:lis:liswps:561
    as

    Download full text from publisher

    File URL: http://www.lisdatacenter.org/wps/liswps/561.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Edward Whitehouse, 2007. "Pensions Panorama : Retirement-Income Systems in 53 Countries," World Bank Publications - Books, The World Bank Group, number 7177, December.
    2. Ebbinghaus, Bernhard (ed.), 2011. "The Varieties of Pension Governance: Pension Privatization in Europe," OUP Catalogue, Oxford University Press, number 9780199586028.
    3. Blundell, Richard & Johnson, Paul, 1998. "Pensions and Labor-Market Participation in the United Kingdom," American Economic Review, American Economic Association, vol. 88(2), pages 168-172, May.
    4. Joakim Palme & Walter Korpi, 1998. "The Paradox of Redistribution and Strategies of Equality: Welfare State Institutions, Inequality and Poverty in the Western Countries," LIS Working papers 174, LIS Cross-National Data Center in Luxembourg.
    5. Richard Disney & Carl Emmerson, 2005. "Public pension reform in the United Kingdom: what effect on the financial well-being of current and future pensioners?," Fiscal Studies, Institute for Fiscal Studies, vol. 26(1), pages 55-81, March.
    6. Dilnot, Andrew & Disney, Richard & Johnson, Paul & Whitehouse, Edward, 1994. "Pensions policy in the UK: An economic analysis," MPRA Paper 10478, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. J rg Neugschwender, 2014. "Pension Income Inequality: a Cohort Study in Six European Countries," LIS Working papers 618, LIS Cross-National Data Center in Luxembourg.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Stefan Traub & Tim Krieger, 2009. "Wie hat sich die intragenerationale Umverteilung in der staatlichen Säule des Rentensystems verändert? Ein internationaler Vergleich auf Basis von LIS-Daten," LIS Working papers 520, LIS Cross-National Data Center in Luxembourg.
    2. J rg Neugschwender, 2014. "Pension Income Inequality: a Cohort Study in Six European Countries," LIS Working papers 618, LIS Cross-National Data Center in Luxembourg.
    3. J rg Neugschwender, 2015. "Pension Institutions and Income Inequality across European Societies: Denmark, Germany, Sweden, and the United Kingdom," LIS Working papers 627, LIS Cross-National Data Center in Luxembourg.
    4. Vandeninden, Frieda, 2012. "A Simulation of Social Pensions in Europe," MERIT Working Papers 2012-008, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    5. Margarita Gelepithis, 2016. "Rethinking the paradox of redistribution: how private insurance and means testing can lead to universalizing reform," LEQS – LSE 'Europe in Question' Discussion Paper Series 114, European Institute, LSE.
    6. Bruch, Sarah K. & van der Naald, Joseph & Gornick, Janet C., 2022. "Poverty Reduction through Federal and State Policy Mechanisms: Variation Over Time and Across the U.S. States," SocArXiv jz5xp, Center for Open Science.
    7. Mona Sandbæk, 2017. "European Policies to Promote Children’s Rights and Combat Child Poverty," IJERPH, MDPI, vol. 14(8), pages 1-13, July.
    8. Jin Wook Kim & Young Jun Choi, 2008. "Private Transfers and Emerging Welfare States in East Asia: Comparative Perspectives," LIS Working papers 507, LIS Cross-National Data Center in Luxembourg.
    9. Sara Flisi & Marcello Morciano, 2011. "Trends and dynamics in the Italian labour market. An empirical evaluation using RFL data, 1993-2007," Center for the Analysis of Public Policies (CAPP) 0091, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    10. Cristiano Perugini & Gaetano Martino, 2008. "Income Inequality Within European Regions: Determinants And Effects On Growth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(3), pages 373-406, September.
    11. Leena Eklund Karlsson & Anne Leena Ikonen & Kothar Mohammed Alqahtani & Pernille Tanggaard Andersen & Subash Thapa, 2020. "Health Equity Lens Embedded in the Public Health Policies of Saudi Arabia: A Qualitative Document Analysis," SAGE Open, , vol. 10(4), pages 21582440209, October.
    12. Stefanie König, 2017. "Career histories as determinants of gendered retirement timing in the Danish and Swedish pension systems," European Journal of Ageing, Springer, vol. 14(4), pages 397-406, December.
    13. Malte Luebker, 2019. "Can the Structure of Inequality Explain Fiscal Redistribution? Revisiting the Social Affinity Hypothesis," LIS Working papers 762, LIS Cross-National Data Center in Luxembourg.
    14. Elvire Guillaud & Matthew Olckers & Michaël Zemmour, 2020. "Four Levers of Redistribution: The Impact of Tax and Transfer Systems on Inequality Reduction," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(2), pages 444-466, June.
    15. Wim Van Lancker & Joris Ghysels, 2013. "Great expectations, but how to achieve them? Explaining patterns of inequality in childcare use across 31 developed countries," Working Papers 1305, Herman Deleeck Centre for Social Policy, University of Antwerp.
    16. Koen Caminada & Kees Goudswaard & Chen Wang & Jinxian Wang, 2019. "Income Inequality and Fiscal Redistribution in 31 Countries After the Crisis," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 61(1), pages 119-148, March.
    17. Bruno, Bosco & Ambra, Poggi, 2016. "Government effectiveness, middle class and poverty in the EU: A dynamic multilevel analysis," Working Papers 344, University of Milano-Bicocca, Department of Economics, revised 27 Jun 2016.
    18. Lindbeck, Assar, 2006. "The Welfare State -- Background, Achievements, Problems," Working Paper Series 662, Research Institute of Industrial Economics.
    19. Michael Zemmour, 2015. "Economie politique du financement progressif de la protection sociale," Sciences Po publications 38, Sciences Po.
    20. Said Outlioua & Abdesselam Fazouane, 2023. "Which factors affect the sustainability of pension schemes?," Economic Affairs, Wiley Blackwell, vol. 43(1), pages 89-108, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lis:liswps:561. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Piotr Paradowski (email available below). General contact details of provider: https://edirc.repec.org/data/lisprlu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.