4 results
Search Results
2. The Influence of Social Models on Retirement Savings: Evidence for European Countries.
- Author
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Rey-Ares, Lucía, Fernández-López, Sara, and Vivel-Búa, Milagros
- Subjects
INDIVIDUAL retirement accounts ,POPULATION aging ,FINANCIAL crises ,SOCIAL security ,ECONOMICS - Abstract
Population ageing, together with the negative effects of the recent economic and financial crisis that some European countries are still facing, have threatened the sustainability of public pension systems. In this context, voluntary private pensions have emerged as the most feasible alternative to supplement the minimum provided by Social Security Systems; however, this financial product does not enjoy its expected popularity. A potential explanation of this reality might be due to the fact that European countries are far from being homogeneous, nor their pensions systems. Therefore, any policy geared toward improving financial retirement planning should take into account these potential differences. As a first approach to their analysis, this paper proposes the existence of four different ‘social models’ in Europe -namely,
Continental ,Mediterranean ,Nordic andTransitional- . Overall, empirical evidence confirmed the significant influence of country’ ‘social model’ on the decision to invest in retirement accounts on a sample of 31,468 individuals in 2013. It was also proved that this decision is positively related to age, household income and wealth, higher levels of formal education, job situation, good health status, and long-term planning horizons; and negatively related to age squared, household size or financial risk aversion. In short, future policies and reforms regarding private pensions should not only take into account the existence of individual differences among Europeans, but also the existence of differences depending on institutional and cultural country factors. [ABSTRACT FROM AUTHOR]- Published
- 2018
- Full Text
- View/download PDF
3. DEVELOPMENT CHALLENGES OF THE "NEW EUROPE".
- Author
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Estes, Richard J.
- Subjects
- *
POLITICAL science , *SOCIOLOGY , *ECONOMIC development , *ECONOMICS ,DEVELOPING countries - Abstract
European nations are undergoing rapid and fundamental changes in response to social, political and economic events that are occurring both within and outside the region. These changes are far-reaching in scope and, ultimately, are expected to result in a redefinition of "Europe" and what it means to be "European." Using the author's extensively pre-tested Index of Social Progress (ISP), the research reported in this paper: 1) identifies the major changes in social development that have taken place in 36 European nations since 1970; 2) contrasts Europe's recent social development trends with those of other major world regions (including Asia, Africa, Latin and North America, and Oceania); 3) using aggregate scores on the Weighted Index of Social Progress (WISP), identifies Europe's "social leaders" (SLs), "middle performing countries" (MPCs), identifies Europe's "social leaders" (SLs), "middle performing countries" (MPCs), and "socially least developing countries" (SLDCs); 4) identifies the major development challenges confronting Europe at the outset of a new decade; and 5) provides baseline data against which future developments in the region may be assessed. [ABSTRACT FROM AUTHOR]
- Published
- 2004
- Full Text
- View/download PDF
4. Social Networks, Social Cohesion, and Later-Life Health.
- Author
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Deindl, Christian, Brandt, Martina, and Hank, Karsten
- Subjects
SOCIAL networks ,SOCIAL cohesion ,SOCIAL integration ,HEALTH behavior ,RETIREMENT age ,ECONOMICS - Abstract
Our study contributes to the literature acknowledging the joint role of social networks and social cohesion in shaping individual's health, focusing on the older population aged 50 and over. Exploiting rich ego-centered social network data from the Survey of Health, Ageing and Retirement in Europe and following the conceptual model of social integration and health proposed by Berkman et al. (Soc Sci Med 51:843-857. doi:, ), we estimate multilevel models of self-reported and observer-measured later-life health outcomes. These models simultaneously account for (a) characteristics of 39,551 respondents' personal social networks and (b) a measure of social cohesion-namely, participation in social organizations-across 57 Continental European regions, clustered in 14 countries. We find significant associations between individuals' health and various social network characteristics (size, support, quality) as well as social cohesion. Moreover, cross-level interaction effects suggest that the social-network-health nexus is contextually bound. We conclude with a discussion of limitations and perspectives for future research. [ABSTRACT FROM AUTHOR]
- Published
- 2016
- Full Text
- View/download PDF
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