New publication of the RILSA

Vidovićová, Lucie – Jahoda, Robert – Vyhlídal, Jiří - Godarová , Jana - Kofroň , Pavel
Income poverty and material deprivation in old age: objective and subjective dimensions of this phenomenon
Praha: RILSA, 2015. 109 pp. - ISBN 978-80-7416-215-2

This analysis focuses on the issue of income poverty and materiál deprivation in old age considering both the objective and subjective dimensions of this phenomenon. Analysis has three basic parts.
In the first part of the text, immediately after the recapitulation of the theoretical framework of concepts processed, the data from survey "Living Conditions" - SILC for the period 2008-2012 are analysed and the "objective" situation of older persons is presented. The conclusion is that despite the fact that seniors and senior households are not among groups most at risk of income poverty and material deprivation, it is possible within this heterogeneous group to identify obvious risk factors that contribute to a significant threat in case of certain individuals and groups. It is mostly the characteristics that are commonly considered "symptoms" of aging, mainly older age, loneliness, feminization, which makes the situation even more serious. To take account of the developments immediately preceding, accompanying and following the global economic crisis, analyses are presented in comparative perspective. Particular attention is paid to the housing sector. We describe material deprivation in access to the first-rate housing and evaluate the risk of poverty in the perspective of residual income, i.e. after the housing costs are deduced.
In the second part, we rely mainly on the secondary analysis of the "Consumers" survey, realized in the adult population of the Czech Republic (40+), concentrating on a subjective point of view of poverty and material deprivation. We focus on socially determined relation between the "aging" per se and "subjective poverty" as an important determinant of quality of life. In the conclusions of this section is specified that subjective poverty is a better indicator of material deprivation in old age than the level of income. And at the same time, the subjective poverty and material deprivation affects general life satisfaction measured by various indicators, but they also "deteriorate" the perception of the current phase of life of older respondents.
The third part, a detailed attention is devoted to the instruments a priori defined as a form of increasing financial or income security in old age, especially during the critical transition into retirement. The so-called pre-retirement schemes are analysed in terms of the length of the receipt and the amount of monthly deposits with the conclusion that it is a system sensitive to both, the attitude of the employers and especially the rate of appreciation of the pension assets of pension funds. Economic models for the supplementary pension insurance confirm some concerns about a relatively low level of the utilisation of this format for supporting living standards in old age, and over-utilisation among saving persons with less risky income, better social status, higher education and better labour market status. It is not a tool that could be currently used as a protection against poverty and material deprivation in the most vulnerable groups.

Fulltext  (only in Czech)

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