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Pension Incomes in the European Union: Policy Reform Strategies in Comparative Perspective

  • Mantovani, Daniela

    ()

    (University of Modena and Reggio Emilia)

  • Papadopoulos, Fotis

    (affiliation not available)

  • Sutherland, Holly

    ()

    (ISER, University of Essex)

  • Tsakloglou, Panos

    ()

    (Athens University of Economics and Business)

This paper considers the effects on current pensioner incomes of reforms designed to improve the long-term sustainability of public pension systems in the European Union. We use EUROMOD to simulate a set of common illustrative reforms for four countries selected on the basis of their diverse pension systems and patterns of poverty among the elderly: Denmark, Germany, Italy and the UK. The variations in fiscal and distributive effects on the one hand suggest that different paths for reform are necessary in order to achieve common objectives across countries, and on the other provide indications of the appropriate directions for reform in each case.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1537.

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Length: 38 pages
Date of creation: Mar 2005
Date of revision:
Publication status: published in: Research in Labor Economics, 2006, 25, 27-71
Handle: RePEc:iza:izadps:dp1537
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  1. Mantovani, Daniela & Sutherland, Holly, 2003. "Social indicators and other income statistics using the EUROMOD baseline: a comparison with Eurostat and National Statistics," EUROMOD Working Papers EM1/03, EUROMOD at the Institute for Social and Economic Research.
  2. Foster, James & Greer, Joel & Thorbecke, Erik, 1984. "A Class of Decomposable Poverty Measures," Econometrica, Econometric Society, vol. 52(3), pages 761-66, May.
  3. Atkinson, Tony, et al, 2002. "Microsimulation of Social Policy in the European Union: Case Study of a European Minimum Pension," Economica, London School of Economics and Political Science, vol. 69(274), pages 229-43, May.
  4. Martin Feldstein & Horst Siebert, 2002. "Social Security Pension Reform in Europe," NBER Books, National Bureau of Economic Research, Inc, number feld02-2, October.
  5. Atkinson, A. B. & Sutherland, H., 1998. "Microsimulation and Policy Debate: A Case Study of the Minimum Pension Guarantee in Britain," Cambridge Working Papers in Economics 9815, Faculty of Economics, University of Cambridge.
  6. Feldstein, Martin & Liebman, Jeffrey B., 2002. "Social security," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 4, chapter 32, pages 2245-2324 Elsevier.
  7. Herwig Immervoll & Cathal O'Donoghue, 2003. "Imputation of Gross Amounts from Net Incomes in Household Surveys. An Application using EUROMOD," Computational Economics 0302001, EconWPA.
  8. Gordon Keenay & Edward R. Whitehouse, 2003. "Financial Resources and Retirement in Nine OECD Countries: The Role of The Tax System," OECD Social, Employment and Migration Working Papers 8, OECD Publishing.
  9. Franco Peracchi, 2002. "The European Community Household Panel: A review," Empirical Economics, Springer, vol. 27(1), pages 63-90.
  10. Christian E. Weller, 2004. "The future of public pensions in the OECD," Cambridge Journal of Economics, Oxford University Press, vol. 28(4), pages 489-504, July.
  11. Bardasi, Elena & Jenkins, Stephen P., 2004. "The gender gap in private pensions," ISER Working Paper Series 2004-29, Institute for Social and Economic Research.
  12. Sutherland, Holly & Immervoll, Herwig & O'Donoghue, Cathal, 1999. "An introduction to EUROMOD," EUROMOD Working Papers EM0/99, EUROMOD at the Institute for Social and Economic Research.
  13. Ruth Hancock & Geraldine Barker, 2005. "The quality of social security benefit data in the British Family Resources Survey: implications for investigating income support take-up by pensioners," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 168(1), pages 63-82.
  14. Tsakloglou, Panos, 1996. "Elderly and Non-elderly in the European Union: A Comparison of Living Standards," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(3), pages 271-91, September.
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