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- Title
Age-Specific Income Trends in Europe: The Role of Employment, Wages, and Social Transfers.
- Authors
Hammer, Bernhard; Spitzer, Sonja; Prskawetz, Alexia
- 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.
- Subjects
EUROPE; WAGES; EMPLOYMENT changes; EMPLOYMENT; NATIONAL account systems; NATIONAL income accounting
- Publication
Social Indicators Research, 2022, Vol 162, Issue 2, p525
- ISSN
0303-8300
- Publication type
Article
- DOI
10.1007/s11205-021-02838-w