Age-specific income trends in Europe: The role of employment, wages, and social transfers

Bernhard Hammer, Sonja Spitzer and Alexia Fürnkranz-Prskawetz

No 01/2021, ECON WPS - Working Papers in Economic Theory and Policy from TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit

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: 2021
New Economics Papers: this item is included in nep-age and nep-eec
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/229185/1/econ-wp01-2021.pdf (application/pdf)

Related works:
Journal Article: Age-Specific Income Trends in Europe: The Role of Employment, Wages, and Social Transfers (2022)
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:zbw:tuweco:012021

Access Statistics for this paper

More papers in ECON WPS - Working Papers in Economic Theory and Policy from TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().