Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/229185
Authors: 
Hammer, Bernhard
Spitzer, Sonja
Prskawetz, Alexia
Year of Publication: 
2021
Series/Report no.: 
ECON WPS - Working Papers in Economic Theory and Policy No. 01/2021
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: 
Generational Economy
Income
Intergenerational Equity
Document Type: 
Working Paper

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