Analysis of Factors Influencing the Risk of Poverty for Elderly people in Europe

Marta Borda , Patrycja Kowalczyk-Rólczyńska


The paper addresses the problems related to financial stability and exposure to poverty risk of senior citizens in European countries. The aging population trend is now becoming a global challenge, which is being made worse by the inevitable retirement of the so-called baby boom generation over the coming decades. The development of aging population will cause a series of problems to the elderly, including increasing instability of financial situation of elderly households. The budgets of senior citizens may considerably shrink because of low disposable incomes and overburden expenditures (e.g. expenses on health care services). The purpose of the paper is to identify and evaluate the main factors affecting the financial situation of elderly households, especially in the context of their exposure to poverty risk. In the analysis the selected external variables, such as: GDP, inflation index, saving rate, unemployment rate and old-age dependency ratio were included, in order to indicate the impact of economic environment, demographic trends and the existing pension schemes on the elderly financial stability. Moreover, specific variables corresponding to income and expenses of seniors were also examined. With the use of multiple regression analysis an attempt of comparison and evaluation of the poverty risk of elderly households in the selected European countries in 2007-2017 was made. The obtained results may be useful for policymakers in the area of pension systems and they indicate the need for the further analysis of detailed reasons for similarities and differences in the seniors’ financial stability across Europe.
Author Marta Borda (E&F / DI)
Marta Borda,,
- Department of Insurance
, Patrycja Kowalczyk-Rólczyńska (E&F / DI)
Patrycja Kowalczyk-Rólczyńska,,
- Department of Insurance
Publication size in sheets0.5
Book Soliman Khalid S. (eds.): Education Excellence and Innovation Management: A 2025 Vision to Sustain Economic Development during Global Challenges, 2020, International Business Information Management Association (IBIMA), ISBN 9780999855141
Keywords in EnglishElderly Household, Poverty Risk, Europe, Multiple Regression
Referenced project[17] Program doskonałości naukowo - badawczej INTEREKON . . Project leader at WUEB: Ewa Stańczyk-Hugiet, , start date 01-01-2019, end date 31-12-2022, in run
Languageen angielski
Borda_Kowalczyk_Rolczynska_Analysis_Of_Factors_Influencing_The_Risk.pdf 140,56 KB
Score (nominal)70
Score sourceconferenceList
Citation count*
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UwagaThe project is financed by the Ministry of Science and Higher Education in Poland under the programme "Regional Initiative of Excellence" 2019 - 2022 project number 015/RID/2018/19 total funding amount 10 721 040,00 PLN.
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.