Old Age Incomes, Wealth, and Poverty across the Globe

Kenneth Nelson () and Johan Fritzell ()

No 891, LIS Working papers from LIS Cross-National Data Center in Luxembourg

Abstract: This paper examines global trends in old-age income, wealth, and poverty, highlighting disparities between high-income countries and the Global South. Using data from the Luxembourg Income Study and other sources, we show that robust pension systems in affluent countries seem to protect large fractions of older people from poverty, while limited coverage in less prosperous countries leaves many vulnerable. Wealth distribution and multidimensional factors, such as health and living conditions, are essential in understanding economic security in later life, particularly for low-income households in the Global South. Policy must consider the varied challenges faced by ageing populations across socio-economic contexts.

Pages: 24 pages
Date: 2024-11
New Economics Papers: this item is included in nep-age
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