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Old-Age Poverty and Residential Property in the EU: An Analysis with the EU-SILC 2014 Data

Chapter

Abstract

On the basis of available EU-SILC data, this paper examines the relationship between old-age poverty and residential property in the EU member states. The descriptive section of the paper provides a comparative analysis of poverty indicators across EU states and different groups of the elderly population as well as a comparison of the elderly populations’ homeownership rates. The following sections look at the poverty risk and homeownership rate of the age group 65+ in conjunction, clustering the EU states according to these characteristics. For this purpose, an aggregated poverty risk index is developed, which includes both monetary and nonmonetary poverty indicators. The cluster analysis accounts for five groups of EU states, two of which (Latvia, Romania, Bulgaria, Croatia, and Lithuania followed by Estonia, Portugal, Greece, Poland, Slovenia, Italy, Hungary, and Ireland) can be considered target markets for pension products such as equity release schemes.

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Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Andrássy University BudapestBudapestHungary

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