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Living Standards in Retirement: Accepted International Comparisons are Misleading
Frick, Joachim R. | Headey, Bruce W.
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 129 (2009), Iss. 2 : pp. 309–319
11 Citations (CrossRef)
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Joachim R. Frick, DIW Berlin, SOEP, 10108 Berlin, Germany.
Bruce W. Headey, Melbourne University, Melbourne Institute of Applied Economic and Social Research, Parkville Victoria 3010, Melbourne, Australia.
Cited By
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The Joint Distribution of Net Worth and Pension Wealth in Germany
Boenke, Timm | Grabka, MarkusSSRN Electronic Journal, Vol. (2016), Iss.
https://doi.org/10.2139/ssrn.2806928 [Citations: 2] -
Statistical Matching of Administrative and Survey Data
Rasner, Anika | Frick, Joachim R. | Grabka, Markus M.Sociological Methods & Research, Vol. 42 (2013), Iss. 2 P.192
https://doi.org/10.1177/0049124113486622 [Citations: 7] -
The Joint Distribution of Net Worth and Pension Wealth in Germany
Bönke, Timm | Grabka, Markus M. | Schröder, Carsten | Wolff, Edward N. | Zyska, LennardReview of Income and Wealth, Vol. 65 (2019), Iss. 4 P.834
https://doi.org/10.1111/roiw.12371 [Citations: 20] -
Extending the Empirical Basis for Wealth Inequality Research Using Statistical Matching of Administrative and Survey Data
Rasner, Anika | Frick, Joachim R. | Grabka, MarkusSSRN Electronic Journal, Vol. (2011), Iss.
https://doi.org/10.2139/ssrn.1750284 [Citations: 5] -
Zur Entwicklung der Vermögensungleichheit in Deutschland
Frick, Joachim R. | Grabka, Markus M.Berliner Journal für Soziologie, Vol. 19 (2009), Iss. 4 P.577
https://doi.org/10.1007/s11609-009-0112-1 [Citations: 31] -
Multidimensional Measurement of Richness: Theory and an Application to Germany
Peichl, Andreas | Pestel, NicoSSRN Electronic Journal, Vol. (2010), Iss.
https://doi.org/10.2139/ssrn.1597129 [Citations: 5] -
The Impact of Social Security Wealth on the Distribution of Wealth in the European Union
Wroński, Marcin
SSRN Electronic Journal , Vol. (2022), Iss.
https://doi.org/10.2139/ssrn.4123103 [Citations: 1] -
The impact of housing consumption value on the spatial distribution of welfare
Kilgarriff, Paul | Charlton, Martin | Foley, Ronan | O'Donoghue, CathalJournal of Housing Economics, Vol. 43 (2019), Iss. P.118
https://doi.org/10.1016/j.jhe.2018.11.002 [Citations: 6] -
A Head‐to‐Head Comparison of Augmented Wealth in Germany and the United States*
Bönke, Timm | Grabka, Markus M. | Schröder, Carsten | Wolff, Edward N.The Scandinavian Journal of Economics, Vol. 122 (2020), Iss. 3 P.1140
https://doi.org/10.1111/sjoe.12364 [Citations: 19] -
The impact of social security wealth on the distribution of wealth in the European Union
Wroński, Marcin
The Journal of the Economics of Ageing, Vol. 24 (2023), Iss. P.100445
https://doi.org/10.1016/j.jeoa.2023.100445 [Citations: 2] -
Handbook of Labor, Human Resources and Population Economics
Inequality and Public Pension Entitlements
Sierminska, Eva | Wroński, Marcin2023
https://doi.org/10.1007/978-3-319-57365-6_440-1 [Citations: 1]
Abstract
Accepted international assessments of living standards in retirement rely on comparing social pension incomes. These assessments conclude that European countries with contributory pension schemes provide retirees with higher living standards than liberal Anglo-American regimes in which many citizens rely on flat rate old age pensions. Comparisons based solely on pension incomes are potentially misleading because the living standards of retirees depend on their total economic resources, particularly their wealth. In this paper we make use of the wealth data in the German (SOEP) and Australian (HILDA) panels. Our revised ’present value" estimates of wealth suggest that Australian and German retirees have approximately the same living standards (mean and median), with much the same distribution (Gini).