affected the income position of high-income pensioners. However, also the structure of public pension benefits had a poverty …

social policy better reduces poverty than social policies targeted at the poor. This article revisits Korpi and Palme … average share of household income from welfare transfers), low-income targeting, and universalism - and poverty and … developed and developing countries. Consistent with Korpi and Palme, we show (1) poverty is negatively associated with transfer …