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From Marginalism To Institutionalism: Distributional Consequences Of The Transformation Of The Finnish Pension Regime

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  • Markus Jäntti
  • Olli Kangas
  • Veli‐Matti Ritakallio

Abstract

This study offers a longitudinal scrutiny of the development of pension policy in Finland and evaluates the impacts that the shift from a “marginal” to an “institutional” welfare state imposed on economic well‐being among the elderly. The data that are used stem from household budget surveys from 1966 to 1990. During that period, average income of the elderly doubled in real terms, legislated pensions replaced other sources of income, the traditional cycle of poverty, where the elderly had a higher risk of poverty, disappeared, and income differences between the elderly diminished.

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  • Markus Jäntti & Olli Kangas & Veli‐Matti Ritakallio, 1996. "From Marginalism To Institutionalism: Distributional Consequences Of The Transformation Of The Finnish Pension Regime," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(4), pages 473-491, December.
    • Handle: RePEc:bla:revinw:v:42:y:1996:i:4:p:473-491
    DOI: 10.1111/j.1475-4991.1996.tb00195.x
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    Cited by:

    1. Bögenhold, Dieter & Fachinger, Uwe, 2000. "The Social Embeddedness of Consumption: Towards the Relationship of Income and Expenditures over Time in Germany," MPRA Paper 1128, University Library of Munich, Germany.
    2. Esa Karonen & Mikko Niemelä, 2020. "Life Course Perspective on Economic Shocks and Income Inequality Through Age‐Period‐Cohort Analysis: Evidence From Finland," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(2), pages 287-310, June.
    3. Mikael Nygård & Camilla Härtull & Annika Wentjärvi & Susanne Jungerstam, 2017. "Poverty and Old Age in Scandinavia: A Problem of Gendered Injustice? Evidence from the 2010 GERDA Survey in Finland and Sweden," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 132(2), pages 681-698, June.
    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. Bruce Bradbury & Markus Jantti, 1999. "Child Poverty across Industrialized Nations," Papers iopeps99/70, Innocenti Occasional Papers, Economic Policy Series.
    6. Christina Behrendt, 1999. "Private Pensions - A Viable Alternative? Distributive Effects of Private Pensions in a Comparative Perspective," LIS Working papers 220, LIS Cross-National Data Center in Luxembourg.
    7. Hinrichs, Karl, 2004. "Active Citizens and Retirement Planning: Enlarging Freedom of Choice in the Course of Pension Reforms in Nordic Countries and Germany," Working papers of the ZeS 11/2004, University of Bremen, Centre for Social Policy Research (ZeS).

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