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

Author

Listed:
  • 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

Suggested Citation

  • Patricia Peinado & Felipe Serrano, 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, December.
  • Handle: RePEc:voj:journl:v:58:y:2011:i:5:p:759-771
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    File URL: http://www.panoeconomicus.rs/casopis/2011_5/10%20Patricia%20Peinado.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. repec:dau:papers:123456789/7957 is not listed on IDEAS
    3. 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.
    4. 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.
    5. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. 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.
    2. 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.

    More about this item

    Keywords

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

    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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