Aggregate replacement ratio (tsdde310)

Indicator Profile (ESMS)

Data tables: tsdde310

Compiling agency: Eurostat, the statistical office of the European Union


Eurostat metadata
Reference metadata
1. Contact
2. Metadata update
3. Statistical presentation
4. Unit of measure
5. Reference Period
6. Institutional Mandate
7. Confidentiality
8. Release policy
9. Frequency of dissemination
10. Accessibility and clarity
11. Quality management
12. Relevance
13. Accuracy
14. Timeliness and punctuality
15. Coherence and comparability
16. Cost and Burden
17. Data revision
18. Statistical processing
19. Comment
Related Metadata
Annexes (including footnotes)
Eurostat Quality Profile
13.1. Accuracy - overall High
15.1. Comparability - geographical Medium
15.2. Comparability - over time High
18.1. Source data ESS

Description of Eurostat quality grading system under the following link.



For any question on data and metadata, please contact: EUROPEAN STATISTICAL DATA SUPPORT

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1. Contact Top
1.1. Contact organisation

Eurostat, the statistical office of the European Union

1.2. Contact organisation unit F4: Quality of life
1.5. Contact mail address

2920 Luxembourg LUXEMBOURG


2. Metadata update Top
2.1. Metadata last certified 27/03/2014
2.2. Metadata last posted 27/03/2014
2.3. Metadata last update 27/03/2014


3. Statistical presentation Top
3.1. Data description

Ratio of the median individual gross pensions of 65-74 age category relative to median individual gross earnings of 50-59 age category, excluding other social benefits.

3.2. Classification system

See ilc_esms

3.3. Coverage - sector

See  ilc_esms

3.4. Statistical concepts and definitions

See  ilc_esms

3.5. Statistical unit

See  ilc_esms

3.6. Statistical population

See  ilc_esms

3.7. Reference area

EU Member States, Iceland, Norway, Switzerland, Turkey

3.8. Coverage - Time

See data availability for table(s) tsdde310

3.9. Base period

Not applicable


4. Unit of measure Top

Ratio


5. Reference Period Top

Survey year


6. Institutional Mandate Top
6.1. Institutional Mandate - legal acts and other agreements

Framework regulations:

Regulation (EC) N° 1553/2005 of European Parliament and Council of 7 September 2005 amending Regulation (EC) No 1177/2003 concerning Community statistics on income and living conditions (EU-SILC).

Regulation (EC) N° 1791/2006 of European Parliament and Council of adapting certain Regulations and Decisions in the fields of free movement of goods, freedom of movement of persons, company law, competition policy, agriculture (including veterinary and phytosanitary legislation), transport policy, taxation, statistics, energy, environment, cooperation in the fields of justice and home affairs, customs union, external relations, common foreign and security policy and institutions, by reason of the accession of Bulgaria and Romania.

Implementing Commission Regulations:

Regulation (EC) N° 1980/2003 of 21 October 2003 implementing Regulation (EC) No 1177/2003 of the European Parliament and of the Council concerning Community statistics on income and living conditions (EU-SILC) as regards definitions and updated definitions amended by Regulation (EC) N° 676/2006 of 2 May 2006

Regulation (EC) N° 1177/2003 of European Parliament and Council of 16 June 2003 concerning Community statistics on income and living conditions (EU-SILC)

Regulation (EC) N° 1981/2003 of 21 October 2003 implementing Regulation (EC) No 1177/2003 of the European Parliament and of the Council concerning Community statistics on income and living conditions (EU-SILC) as regards the fieldwork aspects and the imputation procedures

Regulation (EC) N° 1982/2003 of 21 October 2003 implementing Regulation (EC) No 1177/2003 of the European Parliament and of the Council concerning Community statistics on income and living conditions (EU-SILC) as regards the sampling and tracing rules

Regulation (EC) N° 1983/2003 of 7 November 2003 implementing Regulation (EC) No 1177/2003 of the European Parliament and of the Council concerning Community statistics on income and living conditions (EU-SILC) as regards the list of target primary variables

Regulation (EC) N° 28/2004 of 5 January 2004 implementing Regulation (EC) No 1177/2003 of the European Parliament and of the Council concerning Community statistics on income and living conditions (EU-SILC) as regards the detailed content of intermediate and final quality reports

6.2. Institutional Mandate - data sharing

Not applicable


7. Confidentiality Top
7.1. Confidentiality - policy

Regulation (EC) No 223/2009 on European statistics (recital 24 and Article 20(4)) of 11 March 2009 (OJ L 87, p. 164), stipulates the need to establish common principles and guidelines ensuring the confidentiality of data used for the production of European statistics and the access to those confidential data with due account for technical developments and the requirements of users in a democratic society.

7.2. Confidentiality - data treatment

Not applicable


8. Release policy Top
8.1. Release calendar

Not applicable

8.2. Release calendar access

Not applicable

8.3. Release policy - user access

In line with the Community legal framework and the European Statistics Code of Practice Eurostat disseminates European statistics on Eurostat's website (see item 10 - 'Dissemination format') respecting professional independence and in an objective, professional and transparent manner in which all users are treated equitably. The detailed arrangements are governed by the Eurostat protocol on impartial access to Eurostat data for users.


9. Frequency of dissemination Top

Annual


10. Accessibility and clarity Top
10.1. Dissemination format - News release

Not applicable

10.2. Dissemination format - Publications

Publications

10.3. Dissemination format - online database

See data availability for table(s) tsdde310

10.4. Dissemination format - microdata access

Not applicable

10.5. Dissemination format - other

Not applicable

10.6. Documentation on methodology

See  ilc_esms

10.7. Quality management - documentation

Eurostat's mission is to provide the European Union with a high-quality statistical information service (see Eurostat quality framework)


11. Quality management Top
11.1. Quality assurance

See  ilc_esms

11.2. Quality management - assessment

Since 2005 data is collected from reliable and harmonised source (EU-Statistics on Income and Living Conditions - EU-SILC) applying high standards with regard to the methodology and ensuring a high degree of comparability across countries.


12. Relevance Top
12.1. Relevance - User Needs

Objective and relevance of the indicator:

The indicator reflects the level of retired persons' pensions in the first decade of being retired relative to the income from work of people in the decade before retirement.

The purpose of pensions is to provide an adequate level of income to those no longer in employment. Several European Councilshave highlighted the challenge of an ageing population and its implications for the maintenance of adequate and sustainable pension schemes. The Europe2020 strategy states that at EU level, the Commission will work to undertake an assessment of the adequacy and sustainability of social protection and pension systems, and identify ways to ensure better access to health care systems.These concerns are also reflected in the objectives of the renewed Sustainable Development Strategy relating to inter-generational solidarity, increasing the quality of life and reducing the number of people at risk of poverty and social exclusion.

12.2. Relevance - User Satisfaction

See  ilc_esms

12.3. Completeness

See data availability for table(s) tsdde310


13. Accuracy Top
13.1. Accuracy - overall

High

Accuracy should be considered as high given the detailed specifications contained in the legislative framework (Regulation (EC) No 1177/2003):

- Existence of a compulsory minimum effective sample size for each country;

- Common definitions of target variables;

- Imputation of missing and inaccurate values.

It should be noted that due to the fact that the results are based on a sample of population they are subject to the sampling and non-sampling errors (such as: coverage errors, measurement errors, processing errors and non-response errors). More detailed information on that topic can be found in the Comparative EU Quality Reports of EU-SILC.

13.2. Sampling error

See  ilc_esms

13.3. Non-sampling error

See  ilc_esms


14. Timeliness and punctuality Top
14.1. Timeliness

Not applicable

14.2. Punctuality

Not applicable


15. Coherence and comparability Top
15.1. Comparability - geographical

Medium

The comparability across countries is restricted by the use of different   social   support   systems   between   countries. The countries have different systems for how the pensions systems are constructed. There are basic pensions provided by the welfare state and/or pension systems from the labour market in emerged negotiations between employers and unions or individuals. Some pensions emerged from individual savings in private pension systems which are not included here.

15.2. Comparability - over time

High

Since 2005 comparability over time is ensured by a common data source (EU-SILC) and it is of a high quality.

15.3. Coherence - cross domain

The challenge of an ageing population and its implications for the maintenance of adequate and sustainable pensions are reflected in the objectives of the Europe2020 and renewed Sustainable Development Strategies related to inter-generational solidarity, increasing the quality of life and reducing the number of people at risk of poverty and social exclusion.

The current indicator may be analysed in conjunction with other Demographic change as well as Pensions indicators (such as Median relative income of elderly people which reflects equivalised (the indicator takes into account household composition) household income and is relevant to measure the overall income situation of older people relative to the active population). See Occasional papers n°71.

15.4. Coherence - internal

Not applicable


16. Cost and Burden Top

Not applicable


17. Data revision Top
17.1. Data revision - policy

See  ilc_esms

17.2. Data revision - practice

See  ilc_esms


18. Statistical processing Top
18.1. Source data

ESS

18.2. Frequency of data collection

See  ilc_esms

18.3. Data collection

See  ilc_esms

18.4. Data validation

See  ilc_esms

18.5. Data compilation

See  ilc_esms

18.6. Adjustment

See  ilc_esms


19. Comment Top

Continuous improvements relate to refinement with regard to methodology and compilation techniques in cooperation with international organisations as well as to harmonisation and full implementation of international accounts rules for all countries.

Concerning EU-SILC, the survey was harmonised to meet all EU-SILC requirements. An integrated 'rotational' design for those countries that launched a new survey is proposed by Eurostat.


Related metadata Top


Annexes Top