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Age-Income Gaps

Author

Listed:
  • Guaitoli, Gabriele

    (University of Warwick)

  • Pancrazi, Roberto

    (University of Warwick)

Abstract

The widening income gap between older and younger individuals is a key topic in political and academic discussions. Research often focuses on labor earnings, neglecting other income sources and cross-country comparisons. This paper fills these gaps by analyzing disposable income trends in 2004-2018 across 32 countries using the Luxembourg Income Study Database. Key findings : (1) The age-income gap has increased in richer countries but decreased in poorer ones ; (2) Higher employment rates among older individuals drive this disparity in richer countries; (3) Increased female labor market participation mildly affected the employment margin, while rising education and later retirement did not. JEL Codes: E24, J31, O57

Suggested Citation

  • Guaitoli, Gabriele & Pancrazi, Roberto, 2024. "Age-Income Gaps," The Warwick Economics Research Paper Series (TWERPS) 1504, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:1504
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    File URL: https://warwick.ac.uk/fac/soc/economics/research/workingpapers/2024/twerp_1504_-_guaitoli.pdf
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    References listed on IDEAS

    as
    1. Daron Acemoglu & David H. Autor & David Lyle, 2004. "Women, War, and Wages: The Effect of Female Labor Supply on the Wage Structure at Midcentury," Journal of Political Economy, University of Chicago Press, vol. 112(3), pages 497-551, June.
    2. Barro, Robert J. & Lee, Jong Wha, 2013. "A new data set of educational attainment in the world, 1950–2010," Journal of Development Economics, Elsevier, vol. 104(C), pages 184-198.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Age group income ; growth decomposition ; income distribution ; cross-country comparison;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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