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Retirement and the Poverty of the Elderly: The Case of Portugal

2011; Elsevier BV; Linguagem: Inglês

10.25071/1874-6322.17797

1874-6322

Paula Albuquerque, Manuela Arcanjo, Vítor Escária, Francisco Nunes, José António Pereirinha,

Labor market dynamics and wage inequality

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.