PENSION SYSTEMS AND ECONOMIC WELL-BEING OF OLDER PEOPLE: A SYNTHETIC INDICATOR FOR THE OECD COUNTRIES

Fidel Martínez Roget and Pilar Murias Fernández

Revista Galega de Economía, 2011, vol. 20, issue ex

Abstract: In developed countries, pension systems are the basic instrument to guarantee the economic well-being of older people. Their particular contribution to this well-being varies along countries as a result of the different objectives, configuration and the effectiveness of each pension system. This work analyses the economic well-being derived from pensions systems to older people in the OECD countries. We use Data Envelopment Analysis to capture the multidimensional perspective because it is able to respect the peculiarities and idiosincrasies behind the pension system in each country. The results show that different systems can facilitate similar levels of economic well-being for the elders through different paths.

Keywords: OECD; Pensions; Economic well-being; DEA. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:sdo:regaec:v:20:y:2011:i:ex_4

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