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

Bernhard Hammer (), Sonja Spitzer () and Alexia Fürnkranz-Prskawetz
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Bernhard Hammer: Institute of Statistics and Mathematical Methods in Economics and Wittgenstein Centre for Demography and Global Human Capital (IIASA, OeAW, University of Vienna)
Sonja Spitzer: University of Vienna, Department of Demography, Wittgenstein Centre for Demography and Global Human Capital (IIASA, OeAW, University of Vienna)

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2022, vol. 162, issue 2, No 2, 525-547

Abstract: 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.

Keywords: Generational economy; Income; Intergenerational equity (search for similar items in EconPapers)
Date: 2022
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Working Paper: Age-specific income trends in Europe: The role of employment, wages, and social transfers (2021)
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DOI: 10.1007/s11205-021-02838-w

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