It is Expensive Being Young and Poor or Being Old and in the Middle Class

Christian Scharrer

No 344, Discussion Paper Series from Universitaet Augsburg, Institute for Economics

Abstract: This paper studies the age-group-specific evolution of inequality of total income among highly and less educated females and males at ages 26-80 from 2005 to 2018. On the one hand, it presents time series of Gini coefficients and associated decompositions by different income components. On the other hand, it investigates the extent to which changes in Gini coefficients were associated with a redistribution of total income between the bottom 40 percent, the middle class, and the top 10 percent. The results indicate that increases in inequality particularly burdened the youngest age groups in the bottom 40 percent. However, older age groups, especially elderly individuals, from the middle class also contributed to the increasing income shares of the top 10 percent.

Keywords: Inequality; Total Income; Age Groups; Gini Coefficient; Income Shares (search for similar items in EconPapers)
JEL-codes: D63 J11 P10 (search for similar items in EconPapers)
Date: 2022-09
New Economics Papers: this item is included in nep-age and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:aug:augsbe:0344

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