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

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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.

Suggested Citation

  • Christian Scharrer, 2022. "It is Expensive Being Young and Poor or Being Old and in the Middle Class," Discussion Paper Series 344, Universitaet Augsburg, Institute for Economics.
    • Handle: RePEc:aug:augsbe:0344
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    More about this item

    Keywords

    Inequality; Total Income; Age Groups; Gini Coefficient; Income Shares;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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