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The aim of this paper is to present diversification in the income situation of elderly households in the Baltic Sea Region countries (BSR) and factors affecting this process. For this purpose, dynamics and average annual rate of changes and the convergence rate were calculated, a regression model was constructed and cluster analysis was conducted. This study showed that despite an improved income situation in the countries of Central and Eastern Europe (CEE) and the observed convergence processes, the income situation of the elderly households in the European Union-15 (EU-15 ) is better and in the analysed years of 2005-2015 no significant changes were observed in this respect.

Convergence processes in the income situation of elderly households in the Baltic sea countries