References of "Olivera, Javier"
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See detailPension Insecurity and Wellbeing in Europe
Olivera, Javier; Ponomarenko, Valentina UL

in Journal of Social Policy (in press)

This paper studies pension insecurity in a sample of non-retired individuals aged 50 years or older from 18 European countries. We capture pension insecurity with the subjective expectations on the ... [more ▼]

This paper studies pension insecurity in a sample of non-retired individuals aged 50 years or older from 18 European countries. We capture pension insecurity with the subjective expectations on the probability that the government will reduce the pensions of the individual before retirement or will increase the statutory retirement age. We argue that changes in economic conditions and policy affect the formation of such probabilities, and through this, subjective wellbeing. In particular, we study the effects of pension insecurity on subjective wellbeing with pooled linear models, regressions per quintiles and instrumental variables. We find a statistically significant, stable and negative association between pension insecurity and subjective wellbeing. Our findings reveal that the individuals who are more affected by pension insecurity are those who are further away fromtheir retirement, have lower income, assess their life survival as low, have higher cognitive abilities and do not expect private pension payments. [less ▲]

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See detailInequality in old age cognition across the world
Olivera, Javier; Andreoli, Francesco; Leist, Anja UL et al

in Economics and Human Biology (2018), 29

Although cohort and country differences in average cognitive levels are well established, identifying the degree and determinants of inequalities in old age cognitive functioning could guide public health ... [more ▼]

Although cohort and country differences in average cognitive levels are well established, identifying the degree and determinants of inequalities in old age cognitive functioning could guide public health and policymaking efforts. We use all publicly available and representative old age surveys with comparable information to assess inequalities of cognitive functioning in six distinctive age groups of 29 countries. We document that cognitive inequalities in old age are largely determined by earlier educational inequalities as well as gender differential survival rates. For example, a one percentage point increase in the Gini index of past education is associated with an increase of 0.45 percentage points in the Gini index of delayed recall and 0.23 percentage points in the Gini of immediate recall. Results are robust to a variety of alternative explanations and persist even after controlling for gender-related biases in survival rates. Furthermore, we find evidence that unequal opportunities for education -captured by differences in parental background and gender- also have significant effects on inequality of old age cognition. [less ▲]

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See detailThe role of nutrition and literacy on the cognitive functioning of elderly poor individuals
Leist, Anja UL; Novella, Rafael; Olivera, Javier

in Journal of Aging & Social Policy (2018)

Maintaining cognitive function is a prerequisite of living independently, which is a highly valued component in older individuals’ wellbeing. In this paper we assess the role of early-life and later-life ... [more ▼]

Maintaining cognitive function is a prerequisite of living independently, which is a highly valued component in older individuals’ wellbeing. In this paper we assess the role of early-life and later-life nutritional status, education and literacy on the cognitive functioning of older adults living in poverty in Peru. We exploit the baseline sample of the Peruvian non-contributory pension program Pension 65 and find that current nutritional status and literacy are strongly associated with cognitive functioning for poor older adults. In a context of rising popularity of non-contributory pension programs around the world, our study intends to contribute to the discussion of designing accompanying measures to the pension transfer, such as adult literacy programs and monitoring of adequate nutrition of older adults. [less ▲]

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See detailMacroprudential policy and household wealth inequality
Carpantier, Jean-Francois; Olivera, Javier; Van Kerm, Philippe UL

in Journal of International Money & Finance (2018), 85(C), 262-277

Macroprudential policies, such as caps on loan-to-value (LTV) ratios, have become part of the policy paradigm in emerging markets and advanced countries alike. Given that housing is the most important ... [more ▼]

Macroprudential policies, such as caps on loan-to-value (LTV) ratios, have become part of the policy paradigm in emerging markets and advanced countries alike. Given that housing is the most important asset in household portfolios, relaxing or tightening access to mortgages may affect the distribution of household wealth in the country. In a stylised model we show that the final level of wealth inequality depends on the size of the LTV ratio, housing prices, credit cost and the strength of a bequest motive, and therefore it is not possible to predict an unequivocal effect of LTV ratios on wealth inequality. These trade-offs are illustrated with estimations of `Gini Recentered Influence Function' regressions on household survey data from 12 Euro-zone countries that participated in the first wave of the Household Finance and Consumption Survey. The results show that, among the households with active mortgages, high LTV ratios at the time of acquisition are related to high contributions to wealth inequality today, while house price increases are negatively related to inequality contributions. A proxy for the strength of bequest motives tends to be negatively related with wealth inequality, but credit cost does not show a significant link to the distribution of wealth. [less ▲]

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See detailWealth, Top Incomes, and Inequality
Cowell, Frank A.; Nolan, Brian; Olivera, Javier et al

in Hamilton, Kirk; Hepburn, Cameron (Eds.) National Wealth: What is Missing, Why it Matters (2017)

Although it is heartening to see wealth inequality being taken seriously, key concepts are often muddled, including the distinction between income and wealth, what is included in "wealth", and facts about ... [more ▼]

Although it is heartening to see wealth inequality being taken seriously, key concepts are often muddled, including the distinction between income and wealth, what is included in "wealth", and facts about wealth distributions. This chapter highlights issues that arise in making ideas and facts about wealth inequality precise, and employs newly-available data to take a fresh look at wealth and wealth inequality in a comparative perspective. The composition of wealth is similar across countries, with housing wealth being the key asset. Wealth is considerably more unequally distributed than income, and it is distinctively so in the United States. Extending definitions to include pension wealth however reduces inequality substantially. Analysis also sheds light on life-cycle patterns and the role of inheritance. Discussion of the joint distributions of income and wealth suggests that interactions between increasing top income shares and the concentration of wealth and income from wealth towards the top is critical. [less ▲]

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See detailInequality in old age cognition across the world
Olivera, Javier; Leist, Anja UL; Chauvel, Louis UL

in PAA website (2016)

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See detailVariables associated to aging well in poor Peruvian older adults
Tournier, Isabelle UL; Olivera, Javier

Poster (2015)

Detailed reference viewed: 32 (0 UL)