The distribution of pension wealth in Europe

Javier Olivera

No 2018-10, LISER Working Paper Series from Luxembourg Institute of Socio-Economic Research (LISER)

Abstract: The present paper estimates pension wealth inequality among elderly households for 26 EU countries by exploiting cross-sections of the EU Statistics on Income and Living Conditions survey. To assess the role of life expectancy inequalities on pension wealth, this paper estimates life tables per educational level with auxiliary data in order to capture socio-economic status (SES). This procedure also distinguishes mortality estimates by sex, birth cohort, and year. The results indicate that differential mortality due to SES increases pension wealth inequality. In most of the countries, this effect has decreased between 2006 and 2014, which means that SES inequalities in mortality are less important in explaining today’s pension wealth inequality. Gini re-centered influence function (RIF) regressions confirm the diminishing influence of tertiary education on pension wealth inequality.

Keywords: Pension wealth; Inequality; Europe; Mortality; Education; RIF regressions (search for similar items in EconPapers)
JEL-codes: D31 H55 J14 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2018-06
New Economics Papers: this item is included in nep-age, nep-dem and nep-eur
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Journal Article: The distribution of pension wealth in Europe (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:irs:cepswp:2018-10

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