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Assessing the wellbeing of the Spanish elderly



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.

Suggested Citation

  • Michele Boldrin & Sergi Jiménez-Martín, 2006. "Assessing the wellbeing of the Spanish elderly," Economics Working Papers 939, Department of Economics and Business, Universitat Pompeu Fabra.
  • Handle: RePEc:upf:upfgen:939

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    References listed on IDEAS

    1. Michele Boldrin & Sergi Jimenez-Martin & Franco Peracchi, 1999. "Social Security and Retirement in Spain," NBER Chapters,in: Social Security and Retirement around the World, pages 305-353 National Bureau of Economic Research, Inc.
    2. Courtney Coile & Jonathan Gruber, 2000. "Social Security and Retirement," NBER Working Papers 7830, National Bureau of Economic Research, Inc.
    3. Boldrin Michele & Jiménez-Martín Sergi & Peracchi Franco, 2001. "Sistema de pensiones y mercado de trabajo en España," Books, Fundacion BBVA / BBVA Foundation, edition 1, number 201120, December.
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    Cited by:

    1. María José Luengo-Prado & Almudena Sevilla-Sanz, 2010. "Consumption, retirement and life-cycle prices: Evidence from Spain," Working Papers 2010-18, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.

    More about this item


    Welfare State; Social Security; Retirement; Income Inequality; Poverty;

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, 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; Non-Labor Market Discrimination
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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