2023-09-28 14:46:10 +00:00
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abstract: 'In this article, we investigate the redistributive outcomes of the
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Finnish pension system. We hypothesize that a pension system does not
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straightforwardly diminish, maintain, or increase income differences
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after retirement, but it can have different outcomes for different
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groups. Our focus is on differences in changes in income between groups
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that vary in their timing and type of retirement. We make use of
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longitudinal register-based data from the Finnish Centre for Pensions
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and analyze income and retirement trajectories of Finnish employees born
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in 1948 from the age of 57 to 66 (N = 44,449). Our aim is to find out in
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what way trajectories of income from earnings and pensions are related
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to different types of retirement trajectories, while controlling for
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gender, sector of employment, and length of working life. Eight distinct
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retirement trajectories are identified using sequence analysis. The
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results of our multilevel regression models indicate that the pension
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system sustains inequalities related to gender and employment sector.
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Early old-age retirement and part-time retirement are associated with
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higher earnings and more generous pension entitlements, indicating
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cumulative advantage. Lower earnings are associated with higher risk of
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early exit through unemployment and disability pensions, while the
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pension system guarantees a minimum income level in retirement,
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resulting in status leveling. Those who retire later are relatively well
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off in work, but worse off in retirement, suggesting a status-leveling
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outcome. By disentangling these outcomes of the pension system, it is
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possible to learn social policy lessons for other national institutional
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contexts as well.'
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affiliation: 'Riekhoff, AJ (Corresponding Author), Univ Tampere, Fac Social Sci, Kalevantie
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5, Tampere 33014, Finland.
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Riekhoff, Aart-Jan, Univ Tampere, Social Policy, Tampere, Finland.
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Jarnefelt, Noora, Finnish Ctr Pens, Res Dept, Helsinki, Finland.'
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author: Riekhoff, Aart-Jan and Jarnefelt, Noora
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author-email: arie.riekhoff@staff.uta.fi
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author_list:
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- family: Riekhoff
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given: Aart-Jan
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- family: Jarnefelt
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given: Noora
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da: '2023-09-28'
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doi: 10.1093/sf/soy028
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eissn: 1534-7605
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files: []
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issn: 0037-7732
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journal: SOCIAL FORCES
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keywords-plus: 'CUMULATIVE ADVANTAGE; STATUS MAINTENANCE; SEQUENCE-ANALYSIS; LIFE;
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INEQUALITY; STRATIFICATION; DETERMINANTS; ATTAINMENT'
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language: English
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month: SEP
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number: '1'
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number-of-cited-references: '47'
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orcid-numbers: Riekhoff, Aart-Jan/0000-0002-0832-0565
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pages: 27-53
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papis_id: b4d9aa935175b04c334273df124c46a1
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ref: Riekhoff2018retirementtrajectori
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times-cited: '7'
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title: Retirement Trajectories and Income Redistribution Through the Pension System
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in Finland
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2023-10-01 08:15:07 +00:00
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type: article
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2023-09-28 14:46:10 +00:00
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unique-id: WOS:000443579600016
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usage-count-last-180-days: '1'
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usage-count-since-2013: '22'
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volume: '97'
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web-of-science-categories: Sociology
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year: '2018'
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