EconPapers    
Economics at your fingertips  
 

Life cycle income and consumption patterns in transition

Aleksandra Kolasa

No 133, NBP Working Papers from Narodowy Bank Polski

Abstract: There is vast literature examining how households’ income and consumption change over the life cycle. These studies, however, are usually restricted to developed economies. The main objective of this paper is to add to this literature by investigating the life cycle profiles and relative income mobility in a transition economy, facing rapid structural economic and social changes, such as Poland. It is shown that, in contrast to the US, where income inequality over the life cycle follows a roughly linear trend, the age-variance profile of income in Poland is hump-shaped. This finding might indicate that the income process at a micro level in Poland exhibits less persistence than in the US. The estimates of relative income mobility confirm this conjecture.

Keywords: consumption; income; life cycle profiles; income inequality; relative income mobility; transition economy (search for similar items in EconPapers)
JEL-codes: C14 D12 D31 D63 D91 E21 (search for similar items in EconPapers)
Pages: 36
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://static.nbp.pl/publikacje/materialy-i-studia/133_en.pdf (application/pdf)

Related works:
Working Paper: Life Cycle Income and Consumption Patterns in Transition (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpmis:133

Access Statistics for this paper

More papers in NBP Working Papers from Narodowy Bank Polski Contact information at EDIRC.
Bibliographic data for series maintained by Jakub Growiec ().

 
Page updated 2025-04-01
Handle: RePEc:nbp:nbpmis:133