IDEAS home Printed from https://ideas.repec.org/p/lis/liswps/561.html
   My bibliography  Save this paper

Occupational Welfare Policies and Pension Income Inequalities: Case Studies of Pension Systems in Denmark, Finland, and the United Kingdom

Author

Listed:
  • Jörg Neugschwender

Abstract

This paper provides an overview of different approaches to old age security and their societal outcome in three advanced welfare states: Denmark, Finland, and the United Kingdom. All three countries established a public first tier minimum pension, which was also pursued in the following. Reform paths in the area of supplementary private systems show a broad variation in terms of regulation. As a result, income inequalities among the elderly could reveal specific characteristics. Data evaluations of the Luxembourg Income Study measure the outcomes of these public-private mixes among the current elderly population. Analyses by socio-demographic and socio-economic characteristics allow detailed interpretation of public and private pension income sources and income levels. Finnish providers are strongly involved in occupational pension provision, whereas public benefits decrease in importance. British retirees have mixed their provision mix strongly, but high income earners tend to maintain less of their previous income. Danish pensioners are selectively covered with private pension income, which keeps benefits of middle income pensioners rather close to the minimum pension amount – a scenario which is slightly changing since the introduction of mandatory occupational pensions in the 90s.

Suggested Citation

  • Jörg 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.
    • Handle: RePEc:lis:liswps:561
    as

    Download full text from publisher

    File URL: http://www.lisdatacenter.org/wps/liswps/561.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Blundell, Richard & Johnson, Paul, 1998. "Pensions and Labor-Market Participation in the United Kingdom," American Economic Review, American Economic Association, vol. 88(2), pages 168-172, May.
    2. Edward Whitehouse, 2007. "Pensions Panorama : Retirement-Income Systems in 53 Countries," World Bank Publications - Books, The World Bank Group, number 7177, April.
    3. Richard Disney & Carl Emmerson, 2005. "Public pension reform in the United Kingdom: what effect on the financial well-being of current and future pensioners?," Fiscal Studies, Institute for Fiscal Studies, vol. 26(1), pages 55-81, March.
    4. 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.
    5. Ebbinghaus, Bernhard (ed.), 2011. "The Varieties of Pension Governance: Pension Privatization in Europe," OUP Catalogue, Oxford University Press, number 9780199586028, Decembrie.
    6. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jörg Neugschwender, 2014. "Pension Income Inequality: a Cohort Study in Six European Countries," LIS Working papers 618, LIS Cross-National Data Center in Luxembourg.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Jörg Neugschwender, 2015. "Pension Institutions and Income Inequality across European Societies: Denmark, Germany, Sweden, and the United Kingdom," LIS Working papers 627, LIS Cross-National Data Center in Luxembourg.
    3. Jörg Neugschwender, 2014. "Pension Income Inequality: a Cohort Study in Six European Countries," LIS Working papers 618, LIS Cross-National Data Center in Luxembourg.
    4. Vandeninden, Frieda, 2012. "A Simulation of Social Pensions in Europe," MERIT Working Papers 2012-008, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    5. Margarita Gelepithis, 2016. "Rethinking the paradox of redistribution: how private insurance and means testing can lead to universalizing reform," LEQS – LSE 'Europe in Question' Discussion Paper Series 114, European Institute, LSE.
    6. Bruch, Sarah K. & van der Naald, Joseph & Gornick, Janet C., 2022. "Poverty Reduction through Federal and State Policy Mechanisms: Variation Over Time and Across the U.S. States," SocArXiv jz5xp, Center for Open Science.
    7. Mona Sandbæk, 2017. "European Policies to Promote Children’s Rights and Combat Child Poverty," IJERPH, MDPI, vol. 14(8), pages 1-13, July.
    8. Jin Wook Kim & Young Jun Choi, 2008. "Private Transfers and Emerging Welfare States in East Asia: Comparative Perspectives," LIS Working papers 507, LIS Cross-National Data Center in Luxembourg.
    9. Orazio P. Attanasio & Susann Rohwedder, 2003. "Pension Wealth and Household Saving: Evidence from Pension Reforms in the United Kingdom," American Economic Review, American Economic Association, vol. 93(5), pages 1499-1521, December.
    10. Anna Wildowicz-Szumarska, 2022. "Is redistributive policy of EU welfare state effective in tackling income inequality? A panel data analysis," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(1), pages 81-101, March.
    11. Hagen, Johannes, 2013. "A History of the Swedish Pension System," Working Paper Series, Center for Fiscal Studies 2013:7, Uppsala University, Department of Economics.
    12. Sara Flisi & Marcello Morciano, 2011. "Trends and dynamics in the Italian labour market. An empirical evaluation using RFL data, 1993-2007," Center for the Analysis of Public Policies (CAPP) 0091, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    13. Andreas Bergh, 2008. "Explaining the Survival of the Swedish Welfare State: Maintaining Political Support Through Incremental Change," Financial Theory and Practice, Institute of Public Finance, vol. 32(3), pages 233-254.
    14. Cristiano Perugini & Gaetano Martino, 2008. "Income Inequality Within European Regions: Determinants And Effects On Growth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(3), pages 373-406, September.
    15. Leena Eklund Karlsson & Anne Leena Ikonen & Kothar Mohammed Alqahtani & Pernille Tanggaard Andersen & Subash Thapa, 2020. "Health Equity Lens Embedded in the Public Health Policies of Saudi Arabia: A Qualitative Document Analysis," SAGE Open, , vol. 10(4), pages 21582440209, October.
    16. Robalino, David A. & Zylberstajn, Eduardo & Zylberstajn, Helio & Afonso, Luis Eduardo, 2009. "Ex-ante methods to assess the impact of social insurance policies on labor supply with an application to Brazil," Social Protection Discussion Papers and Notes 52448, The World Bank.
    17. Stefanie König, 2017. "Career histories as determinants of gendered retirement timing in the Danish and Swedish pension systems," European Journal of Ageing, Springer, vol. 14(4), pages 397-406, December.
    18. Maggie Ka-Wai Lau & Kee-Lee Chou, 2019. "Targeting, Universalism and Child Poverty in Hong Kong," Child Indicators Research, Springer;The International Society of Child Indicators (ISCI), vol. 12(1), pages 255-275, February.
    19. Ive Marx & Brian Nolan & Javier Olivera, 2014. "The Welfare State and Anti-Poverty Policy in Rich Countries," Working Papers 1403, Herman Deleeck Centre for Social Policy, University of Antwerp.
    20. Richard Disney & Carl Emmerson & Sarah Smith, 2004. "Pension Reform and Economic Performance in Britain in the 1980s and 1990s," NBER Chapters, in: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980–2000, pages 233-274, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lis:liswps:561. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Piotr Paradowski (email available below). General contact details of provider: https://edirc.repec.org/data/lisprlu.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.