Assessing the wellbeing of the Spanish elderly

Michele Boldrin and Sergi Jimenez-Martin

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: 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.

Keywords: Welfare State; Social Security; Retirement; Income Inequality; Poverty (search for similar items in EconPapers)
JEL-codes: H5 I3 J14 J26 (search for similar items in EconPapers)
Date: 2006-02
New Economics Papers: this item is included in nep-eec, nep-lam, nep-ltv and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Assessing the Wellbeing of the Spanish Elderly (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:939

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