different regulatory approaches may, in the end, have quite diverse implications on income inequality among the elderly. A … affected the income position of high-income pensioners. However, also the structure of public pension benefits had a poverty …

-benefit policies stabilized earnings losses. We then evaluate the impact on income-based poverty and inequality and the contribution of … inequality, and somewhat larger effects on the poverty gap due to lower relative earnings losses of the poor population at the … discretionary tax-benefit policies in alleviating the shock. Our analysis shows modest increases in headcount poverty rates and …