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Determinants of Pension Coverage and Retirement Income Replacement Rates – Evidence from TILDA

The Economic and Social Review

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Title Determinants of Pension Coverage and Retirement Income Replacement Rates – Evidence from TILDA
 
Creator Nivakoski, Sanna
 
Subject pension; retirement income; Ireland
 
Description In Ireland, the absence of statutory earnings-related pensions in the private sector leads to large variations in pension coverage and adequacy. This paper uses recent data from The Irish Longitudinal Study on Ageing (TILDA) to evaluate how the pension system has performed for the current retiree cohort. The levels and compositions of retirees’ incomes, supplementary pension coverage and retirement income replacement rates are examined and compared against Irish government targets. The determinants of supplementary pension coverage and retirement income replacement rates are also examined in a multivariate framework. Flat-rated State welfare pensions imply a high degree of progressivity in the Irish pension system: retirement income replacement rates are inversely related to pre-retirement earnings, particularly for former private sector employees. Sup plementary pensions add an earnings related component which insulates post-retirement incomes of middle-and high-earners to some degree.
 
Publisher The Economic and Social Review
 
Contributor —
 
Date 2014-09-21
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.esr.ie/article/view/183
 
Source The Economic and Social Review; Vol 45, No 3, Autumn (2014); 299–328
0012-9984
 
Language eng
 
Relation http://www.esr.ie/article/view/183/88
 
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