Retirement and the Poverty of the Elderly: the case of Portugal
JOURNAL
YEAR
Sep 21, 2010
TYPE
Articles in journals
AUTHORS
Nunes, F., Pereirinha, J., Albuquerque, P.
VOL Nº
19
PAGES
23
ABSTRACT
This article discusses whether transition to retirement may be associated with a greater probability of becoming poor. Having recourse to the European Community Household Panel (ECHP) for Portugal, the analysis is focused on a sample of individuals who retired in the period 1994-2001. Longitudinal analysis focuses upon income changes upon entering retirement. We relate the dynamics of household income changes for people who retire to personal and household characteristics. A multivariate probit model of the probability of low income at the time of retirement, conditional on not having a low income prior to retirement, is then put forward.
JEL CLASS
KEYWORDS
retirement,poverty dynamics,Portugal,old age social protection,income mobility,