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

• DOI: 10.1007/s11205-021-02838-w
• Publication Date: 2021-11-30T16:58:10Z
• Authors: Bernhard Hammer; Sonja Spitzer; Alexia Prskawetz
• Keywords: 504006 Demography; 330; Lohn; EMIGRATION; Intergenerational equity; Gerechtigkeit; Einkommenspolitik, Lohnpolitik, Tarifpolitik, Vermögenspolitik; 0502 economics and business; difference in income; Generational Economy; 10. No inequality; Social sciences, sociology, anthropology; Generationenverhältnis; old age; Original Research; Sozialwissenschaften, Soziologie; 504006 Demographie; income situation; ddc:330; 05 social sciences; 1. No poverty; Intergenerational relations; 502053 Economics; Intergenerational Equity; Einkommensverhältnisse; justice; Europe; generational economy; intergenerational equity; EU-SILC 2008-2017; 502053 Volkswirtschaftslehre; Generational economy; Beschäftigung; employment; 8. Economic growth; Income; ddc:300; wage; Alter; Einkommensunterschied; Europa; EVS; Income Policy, Property Policy, Wage Policy

This study analyses age-specific differences in income trends nine European countries. Based on data from National Accounts and the Union Statistics Income Living Conditions, we quantify changes between 2008 2017 decompose these into employment, wages, public transfer components. Results show that of younger age groups stagnated or declined most countries since 2008, while older population increased. The decomposition analysis indicates main drivers diverging are higher employment among a strong increase pensions, especially for women.The online version contains supplementary material available at 10.1007/s11205-021-02838-w users.