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The results of this report show that the average pension of women is lower than that of men: in december 2017 the average gross pension of women aged 65 and older was 1469 euros, compared to 1920 euros for men. The gender pension gap thus equals 24%. The fact that this gap is not higher can to an important extent be attributed to the existence of derived rights. Without derived rights the gap would be 50%.
MIDAS, the dynamic microsimulation model that focuses on the social sustainability of pensions, has undergone a major revision in recent years to improve the validity of the projections. This Working Paper not only reports on this revision, but also describes some important new modules.
Besides examining the impact of ageing on the financial sustainability of pensions, the FPB also studies the distributional aspects of a variety of income support measures with a particular focus on pension measures and welfare benefits for the elderly.
The efficiency of statutory pensions and social aid in fighting poverty and the evolution of poverty levels are analysed using various databases. Besides, the following tools are also used: