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Journal of European Social Policy
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Income, wealth and financial fragility in Europe

Dimitrios Christelis

University of Naples Federico and CSEF, Italy

Tullio Jappelli

University of Naples Federico and CSEF, Italy

Omar Paccagnella

University of Padua, Italy

Guglielmo Weber

University of Padua, Italy, guglielmo.weber{at}unipd.it

The article examines the distribution of income and wealth among the generation of Europeans aged 65 and over, using data drawn from the first wave of the Survey of Health, Ageing and Retirement in Europe (SHARE). It looks at how cross-country comparisons of income, wealth and debt are affected by differences in purchasing power, household size and taxation, and shows that some seemingly wide international differences appear less so when the proper adjustments are made. The article reveals wide differences in income, wealth and indebtedness of elderly households in Europe, and provides background information on social issues such as the adequacy of savings at retirement, and the financial fragility of the elderly.

Key Words: ageing • cross-national research • income • SHARE • wealth

Journal of European Social Policy, Vol. 19, No. 4, 359-376 (2009)
DOI: 10.1177/1350506809341516
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