Age-Specific Income Trends in Europe: The Role of Employment, Wages, and Social Transfers

Hammer, B., Spitzer, S., & Prskawetz, A. (2021). Age-Specific Income Trends in Europe: The Role of Employment, Wages, and Social Transfers. Social Indicators Research 10.1007/s11205-021-02838-w.

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Abstract

This study analyses age-specific differences in income trends in nine European countries. Based on data from National Accounts and the European Union Statistics on Income and Living Conditions, we quantify age-specific changes in income between 2008 and 2017 and decompose these changes into employment, wages, and public transfer components. Results show that income of the younger age groups stagnated or declined in most countries since 2008, while income of the older population increased. The decomposition analysis indicates that the main drivers of the diverging trends are higher employment among the older population and a strong increase in public pensions, especially for women.

Item Type: Article
Research Programs: Population and Just Societies (POPJUS)
Population and Just Societies (POPJUS) > Social Cohesion, Health, and Wellbeing (SHAW)
Depositing User: Luke Kirwan
Date Deposited: 06 Dec 2021 09:23
Last Modified: 06 Dec 2021 12:57
URI: http://pure.iiasa.ac.at/17690

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