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Assessing the Wellbeing of the Spanish Elderly

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Author Info
Michele Boldrin
Sergi Jiménez-Martín ()

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Abstract

In this paper we use a variety of data sources, both micro and macro, time series, cross section, and panel data to provide an empirical evaluation of the current level of economic wellbeing of the Spanish elderly, and of its determinants. We focus, in particular on the role played by the pension system and its generosity in terms of minimum pension supplements and non-contributive pensions. In an IV context, we find that actual Social Security benefits contribute substantially to explain income and consumption poverty levels and trends of low income and consumption percentiles. Thus we offer support to previous evidence for Spain emphasizing the role of minimum benefit policies.

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File URL: http://www.econ.upf.edu/docs/papers/downloads/939.pdf
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Publisher Info
Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 939.

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Date of creation: Feb 2006
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Handle: RePEc:upf:upfgen:939

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Web page: http://www.econ.upf.edu/

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Related research
Keywords: Welfare State; Social Security; Retirement; Income Inequality; Poverty;

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Find related papers by JEL classification:
I3 - Health, Education, and Welfare - - Welfare and Poverty
H5 - Public Economics - - National Government Expenditures and Related Policies
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped
J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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References listed on IDEAS
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  1. Courtney Coile & Jonathan Gruber, 2000. "Social Security and Retirement," NBER Working Papers 7830, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Agar Brugiavini & Franco Peracchi, 2001. "Micro Modeling Of Retirement Behavior In Italy," Departmental Working Papers 147, Tor Vergata University, CEIS. [Downloadable!]
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  3. Michele Boldrin & Sergi Jimenez-Martni & Franco Peracchi, 1997. "Social Security and Retirement in Spain," NBER Working Papers 6136, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
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