Income, wealth and financial fragility in Europe

Dimitris Christelis · Tullio Jappelli · Omar Paccagnella · Guglielmo Weber

121 citations0/0 files storedJournal of European Social Policy

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Financial Literacy, Pension, Retirement Analysis Aging, Elder Care, and Social Issues Income, Poverty, and Inequality

Abstract

The article examines the distribution of income and wealth among the generation of Europeans aged 65 and over, using data drawn from the first wave of the Survey of Health, Ageing and Retirement in Europe (SHARE). It looks at how cross-country comparisons of income, wealth and debt are affected by differences in purchasing power, household size and taxation, and shows that some seemingly wide international differences appear less so when the proper adjustments are made. The article reveals wide differences in income, wealth and indebtedness of elderly households in Europe, and provides background information on social issues such as the adequacy of savings at retirement, and the financial fragility of the elderly.

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References

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