The distribution of pension wealth in Europe

Research output: Working paper

45 Downloads (Pure)

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.
Original languageEnglish
PublisherLISER
Number of pages32
Publication statusPublished - Jun 2018

Publication series

NameWorking Papers
PublisherLISER
No.2018-10
ISSN (Electronic)2716-7445

Keywords

  • Education
  • Europe
  • Inequality
  • Mortality
  • Pension wealth
  • RIF regressions

Liser Collections

  • Les working papers du Liser

Cite this