Table 4 Pension reform. Net pension savings and welfare changes (Equivalent Variation for workers starting their unemployment scheme, EV1) from the pension reform. The EV is presented in absolute terms and as a % of previous wages. Pension savings and absolute EVs are averages by age in thousands of 2002 euros
From: Fostering job search among older workers: the case for pension reform
Age | Pension savings | EV1 | EV1 (% previous wage) |
|---|---|---|---|
55 | 0.12 | 0.07 | 0.37 |
56 | 0.12 | 0.07 | 0.35 |
57 | 0.09 | 0.09 | 0.46 |
58 | 0.16 | 0.03 | 0.10 |
59 | 1.71 | 0.99 | 3.91 |
60 | 2.61 | 1.80 | 7.22 |
61 | 2.30 | 1.39 | 5.80 |
62 | 2.19 | 1.23 | 5.18 |
63 | 1.85 | 1.16 | 5.09 |
64 | 0.85 | 0.62 | 2.94 |
65 | 0.05 | 0.0 | 0.0 |
Average | 1.48 | 0.92 | 3.86 |