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Pension Income Inequality: a Cohort Study in Six European Countries

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  • J rg Neugschwender

Abstract

This paper is an empirical overview of inequalities of pension outcomes in six European countries, which are shaped by a variety of institutional pensions schemes. The study contrasts pension system regulation in Denmark, Finland, Germany, Italy, Sweden and the United Kingdom; and analyses their impact on current pension income. The main focus is analyzing the current trends of income distribution using a birth cohort perspective. In addition, a detailed analysis of these trends is included by income quintiles/deciles and pension income sources. The study is a cohort design, where the data are pooled for 77251 individuals in six countries in 28 datasets covering multiple time periods from 1992 to 2010 using the Luxembourg Income Study (LIS) Database. The analyses show that pension incomes in these societies are diversified in terms of public vs. private pension income, purchasing power parities (PPP) adjusted income amounts, and the shape of the income distribution. The countries also differed strongly in relation to the general living standard in the respective societies.

Suggested Citation

  • 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.
    • Handle: RePEc:lis:liswps:618
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    References listed on IDEAS

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    1. Anderson, Karen M. & Meyer, Traute, 2003. "Social Democracy, Unions, and Pension Politics in Germany and Sweden," Journal of Public Policy, Cambridge University Press, vol. 23(1), pages 23-54, January.
    2. 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.
    3. Andersen, Carsten & Skjodt, Peter, 2007. "Pension institutions and annuities in Denmark," Policy Research Working Paper Series 4437, The World Bank.
    4. J. Ignacio Conde-Ruiz & Paola Profeta, 2007. "The Redistributive Design of Social Security Systems," Economic Journal, Royal Economic Society, vol. 117(520), pages 686-712, April.
    5. Ebbinghaus, Bernhard (ed.), 2011. "The Varieties of Pension Governance: Pension Privatization in Europe," OUP Catalogue, Oxford University Press, number 9780199586028.
    6. 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.
    7. Van Vliet, Olaf & Been, Jim & Caminada, Koen & Goudswaard, Kees, 2011. "Pension reform and income inequality among the elderly in 15 European countries," MPRA Paper 32940, University Library of Munich, Germany.
    8. 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.
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    Cited by:

    1. Pfister, Mona & Lorenz, Svenja & Zwick, Thomas, 2018. "Calculation of pension entitlements in the sample of integrated labour market biographies (SIAB)," FDZ Methodenreport 201801_en, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    2. repec:iab:iabfme:201801(en is not listed on IDEAS
    3. Miroslav Verbič & Rok Spruk, 2019. "Political economy of pension reforms: an empirical investigation," European Journal of Law and Economics, Springer, vol. 47(2), pages 171-232, April.

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