Income, wealth and financial fragility in Europe

Christelis, D. , Jappelli, T., Paccagnella, O. and Weber, G. (2009) Income, wealth and financial fragility in Europe. Journal of European Social Policy, 19(4), pp. 359-376. (doi:10.1177/1350506809341516)

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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.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Christelis, Dr Dimitris
Authors: Christelis, D., Jappelli, T., Paccagnella, O., and Weber, G.
College/School:College of Social Sciences > Adam Smith Business School > Economics
Journal Name:Journal of European Social Policy
Publisher:SAGE Publications
ISSN:0958-9287
ISSN (Online):1461-7269
Published Online:13 October 2009

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