Retirement and the Poverty of the Elderly in Portugal

摘要: The effect of retirement on economic welfare, indirectly measured by income, has not been studied widely, namely due to the lack longitudinal data. A large literature exists about poverty in old age, mainly based cross sectional survey data, but usually those studies are able study transitional income as they do observe workers who retire before and after their retirement. knowledge this phenomenon is, however, crucial relevance given growing number elderly people, trend towards earlier retirement, continuing relatively high rates among elderly. This paper analyses association between transitions into probability becoming poor, considering different definitions low following what proposed literature. It is data from European Community Household Panel (ECHP) for Portugal waves 1-8 covering 1994-2001. Taking advantage nature used, we consider how process retired associated with an increased risk having a focusing changes years immediately people retire. analysis then focused sample during analysed period. starts presenting evidence comparing incidence rest population each ECHP. Afterwards it some factors individuals’ over around dynamics household which personal characteristics higher explored. Finally, multivariate probit model entering at time conditional estimated.