Size or Content of the Pie? Source of Income and Perceived Income Adequacy of Older Europeans

Palomäki, Liisa-Maria; Kuitto, Kati; Kuivalainen, Susan; Riekhoff, Aart‐Jan

doi:10.1080/08959420.2022.2121581

Cited by 3 publications

(1 citation statement)

References 38 publications

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“…There are various explanations for this outcome, but formal financial support, especially from the government but also from non-governmental organisations, is known to play a central role (Brűnner 2019;Kotecha et al 2013). First, it might make a difference where the money comes from, as a higher perception of income adequacy has been found to be associated with a higher share of income received from pensions, while the opposite has been reported for other social benefits (Palomäki et al 2023). The importance of the level of minimum pension is highlighted in a study by Airio and Nurminen (2016) that linked a rise in state guarantee pensions in Finland with increases in perceived income adequacy.…”

Section: Previous Research On Living In Poverty and The Economic Well...mentioning

confidence: 99%

What it means to be poor: dimensions of economic hardship among older people living in poverty across Europe

Palomäki,

Riekhoff,

Kuitto

2024

Ageing and Society

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There is a lack of comparative and quantitative research on how poverty manifests itself in the economic wellbeing of older people across European countries. In this study, we focus in on two central dimensions of economic wellbeing: the ability to pay for usual expenses and unexpected expenses. Our aim is to find out how often older people living at risk of poverty experience hardship on these dimensions, how these dimensions overlap, and whether the incidence of hardship differs between the poor and the non-poor. The study is based on the cross-sectional component of the European Union Statistics on Income and Living Conditions (EU-SILC) 2018 survey, involving 29 countries and 148,432 respondents aged 65+ years. The analysis builds on both descriptive statistics and multinomial logistic regression, which takes into account differences in household characteristics between the poor and the non-poor. The results reveal that for the poor, meeting unexpected expenses is a more common problem than meeting usual expenses, although they typically experience hardship on both dimensions. Hardship among the poor is more frequent in Central Eastern and some Southern European countries, while poor people living in Continental and Nordic countries tend to fare better, even though relatively large numbers in these countries lack cash margin. The non-poor do also experience hardship, but to a lesser extent. The poor experience combined hardship relatively often in Continental European countries. Based on the results, we conclude that studies should pay closer attention to the different dimensions of economic wellbeing in old age.

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Section: Previous Research On Living In Poverty and The Economic Well...mentioning

confidence: 99%

What it means to be poor: dimensions of economic hardship among older people living in poverty across Europe

Palomäki,

Riekhoff,

Kuitto

2024

Ageing and Society

Self Cite

View full text Add to dashboard Cite

show abstract

A Proposal for Retirement Risk Measurement Based on Subjective Assessment of Income: An Empirical Study

Bielawska,

Kozłowski

2024

Soc Indic Res

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Social Determinants of Health with Mortality Among Older People in China: A Nationwide, Community-Based, Prospective Cohort Study

Ruan,

Wang,

Zhao

et al. 2024

Preprint

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Size or Content of the Pie? Source of Income and Perceived Income Adequacy of Older Europeans

Cited by 3 publications

References 38 publications

What it means to be poor: dimensions of economic hardship among older people living in poverty across Europe

What it means to be poor: dimensions of economic hardship among older people living in poverty across Europe

A Proposal for Retirement Risk Measurement Based on Subjective Assessment of Income: An Empirical Study

Social Determinants of Health with Mortality Among Older People in China: A Nationwide, Community-Based, Prospective Cohort Study

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