JEL classification

Minimum regulations, pension credits and the gender pension gap [30/01/2024]

This report shows that minimum regulations (minimum pensions and the minimumright per career year) and pension credits diminish pension inequality between men and women. If we assume that there are no minimum regulations, the pension gap would be 37% instead of 31%. If we assume that pension credits are not granted, the gap would be 43% instead of 31%. The pension credit part-time work with maintenance of pension rights, one specific type of pension credit, has a limited impact. Without this pension credit, the pension gap would increase with 0.4 percentage points.

Derived rights and the gender pension gap. On the importance of survivor and divorce pensions in women and men’s pension income [31/05/2023]

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%.

Poverty risks and income inequality up to 2070. Projections of the revised dynamic microsimulation model MIDAS 2.0 [25/05/2023]

For the projection of social sustainability indicators, the Federal Planning Bureau uses the dynamic microsimulation model MIDAS, which has recently undergone a major revision. In this working paper we report a projection up to 2070 of poverty risks and income inequality among the elderly, pensioners and the population under 65 years, in a scenario with current pension policies and projected demographic and socio-economic evolutions.

MIDAS 2.0. Revision of a dynamic microsimulation model [24/01/2023]

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.

Reële herwaardering van de lonen via een puntenstelsel - Winnaars en verliezers bij recent gepensioneerden met een werknemerspensioen [19/09/2017]

The Commission for Pension Reform 2020-2040 proposed an adjusted pension system which calculates pensions based on collected points. An important aspect of that system implied that past wages should be adjusted on the basis of the average wage increase. This Working Paper investigates who will be the winners and the losers when this adjustment mechanism is introduced by means of a points system in the salaried workers' scheme, and why. We show that people with low pensions, low-skilled workers, tenants and women nowadays have certain career features which make sure that they gain more often from such an operation than people with high pensions, highly skilled workers, owners and men. This also underlines the importance of minimum schemes in the impact of such a reform.

De evolutie van de armoede bij ouderen nader bekeken [30/08/2013]