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The generosity of the welfare state towards the elderly

Author

Listed:
  • LEFEBVRE, Mathieu
  • PESTIEAU, Pierre

Abstract

Imagine a casual discussion involving three Eurocrats in a café on the Brussels Grand Place. They are attending a meeting on the ‘Future of Pensions in the EU’ and are talking about the generosity of pensions. Each one contends that his country is the most generous. The Belgian contends that his country is by far the most generous as it allows workers to retire as early as age 50 and that Belgium has the earliest effective age of retirement, that is, 57 years for men. The Italian disagrees with this view, as in his country the rate of replacement at age 65 is the highest, and that is the relevant measure of generosity. The third one, a Dutchman, completely disagrees with his two colleagues. ‘Generosity to whom?’ he says: ‘In my country, pensions reduce the poverty rate among the elderly more than in any other country and that is what matters.’
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • LEFEBVRE, Mathieu & PESTIEAU, Pierre, 2006. "The generosity of the welfare state towards the elderly," LIDAM Reprints CORE 1894, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:1894
    DOI: 10.1007/s10663-006-9021-0
    Note: In : Empirica, 33, 351-360, 2006.
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    Cited by:

    1. Tim Krieger & Christine Meemann & Stefan Traub, 2022. "Inequality, Life Expectancy, and the Intragenerational Redistribution Puzzle - Some Experimental Evidence," CESifo Working Paper Series 9677, CESifo.
    2. Philippe Jacques & Marie-Louise Leroux & Dalibor Stevanovic, 2021. "Poverty among the elderly: the role of public pension systems," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(1), pages 24-67, February.
    3. Jonas Klos & Tim Krieger & Sven Stöwhase, 2022. "Measuring intra-generational redistribution in PAYG pension schemes," Public Choice, Springer, vol. 190(1), pages 53-73, January.
    4. Stefan Traub & Tim Krieger, 2008. "Back to Bismarck? Shifting Preferences for Intragenerational Redistribution in OECD Pension Systems," LIS Working papers 485, LIS Cross-National Data Center in Luxembourg.
    5. 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.
    6. Mathieu Lefèbvre, 2007. "The Redistributive Effects of Pension Systems in Europe: A Survey of Evidence," LIS Working papers 457, LIS Cross-National Data Center in Luxembourg.
    7. M.-L. Leroux & P. Pestieau, 2012. "The political economy of derived pension rights," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 19(5), pages 753-776, October.

    More about this item

    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
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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