FROM MARGINALISM TO INSTITUTIONALISM: DISTRIBUTIONAL CONSEQUENCES OF THE TRANSFORMATION OF THE FINNISH PENSION REGIME

Markus Jantti, Olli Kangas and Veli‐Matti Ritakallio

Review of Income and Wealth, 1996, vol. 42, issue 4, 473-491

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.

Date: 1996
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https://doi.org/10.1111/j.1475-4991.1996.tb00195.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:revinw:v:42:y:1996:i:4:p:473-491

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