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

In: Micro-Simulation in Action

Author

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  • Daniela Mantovani
  • Fotis Papadopoulos
  • Holly Sutherland
  • Panos Tsakloglou

Abstract

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.

Suggested Citation

  • Daniela Mantovani & Fotis Papadopoulos & Holly Sutherland & Panos Tsakloglou, 2006. "Pension Incomes in the European Union: Policy Reform Strategies in Comparative Perspective," Research in Labor Economics, in: Micro-Simulation in Action, pages 27-71, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rleczz:s0147-9121(06)25002-7
    DOI: 10.1016/S0147-9121(06)25002-7
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    References listed on IDEAS

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    1. Christian E. Weller, 2004. "The future of public pensions in the OECD," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(4), pages 489-504, July.
    2. Foster, James & Greer, Joel & Thorbecke, Erik, 1984. "A Class of Decomposable Poverty Measures," Econometrica, Econometric Society, vol. 52(3), pages 761-766, May.
    3. repec:bla:econom:v:69:y:2002:i:274:p:229-43 is not listed on IDEAS
    4. repec:bla:revinw:v:42:y:1996:i:3:p:271-91 is not listed on IDEAS
    5. 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, January.
    6. Sutherland, Holly & Mantovani, Daniela, 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.
    7. Franco Peracchi, 2002. "The European Community Household Panel: A review," Empirical Economics, Springer, vol. 27(1), pages 63-90.
    8. Elena Bardasi & Stephen P. Jenkins, 2010. "The Gender Gap In Private Pensions," Bulletin of Economic Research, Wiley Blackwell, vol. 62(4), pages 343-363, October.
    9. O'Donoghue, Cathal & Immervoll, Herwig, 2001. "Imputation of gross amounts from net incomes in household surveys: an application using EUROMOD," EUROMOD Working Papers EM1/01, EUROMOD at the Institute for Social and Economic Research.
    10. 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.
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    12. Martin Feldstein & Horst Siebert, 2002. "Social Security Pension Reform in Europe," NBER Books, National Bureau of Economic Research, Inc, number feld02-2.
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    14. 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.
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    Cited by:

    1. Flood, Lennart & Klevmarken, N. Anders & Mitrut, Andreea, 2006. "The Income of the Swedish Baby Boomers," IZA Discussion Papers 2354, Institute of Labor Economics (IZA).
    2. Timm Bönke & Carsten Schröder & Katharina Schulte, 2010. "Incomes and Inequality in the Long Run: The Case of German Elderly," German Economic Review, Verein für Socialpolitik, vol. 11(4), pages 487-510, November.
    3. Mantovani, Daniela & Lietz, Christine, 2006. "Lessons from building and using EUROMOD," EUROMOD Working Papers EM5/06, EUROMOD at the Institute for Social and Economic Research.

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    More about this item

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • I30 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General
    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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