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| Income mobility in old age in Britain and Germany | | Author(s) | Asghar Zaidi, Joachim R Frick, Felix Buchel |
| Corporate Author | ESRC Centre for Analysis of Social Exclusion - CASE, Suntory-Toyota International Centres for Economics and Related Disciplines - STICERD, London School of Economics and Political Science |
| Publisher | STICERD, London, 2004 |
| Pages | 24 pp (CASEpaper 89) |
| Source | Centre for Analysis of Social Exclusion, London School of Economics, Houghton Street, London WC2A 2AE. http://sticerd.lse.ac.uk/case |
| Keywords | Income [older people] ; Pensions ; Economic status [elderly] ; Life span ; Longitudinal surveys ; England ; Germany. |
| Annotation | Increases in human longevity and trends for early retirement have posed new challenges for policy makers, and require a holistic understanding of the processes that influence older people's economic resources. This paper uses the British Household Panel Survey (BHPS) and the German Socio-Economic Panel (SOEP) panel data to examine the income mobility experienced by older people living in Britain and Germany during the 1960s, identifying personal attributes and life-course events influencing its direction and likelihood. The comparative perspective yields insights about older people's different income experiences in two markedly different welfare regimes. Results show that old-age income mobility is more pronounced in Britain than in Germany. In both countries, its occurrence is particularly associated with changes in living arrangements, in co-resident family members' employment status, and with widowhood among women. Unemployment during working life is also associated with significant negative later life income mobility. Among those on low incomes, a high share of income from an earnings-related pension has a significant and positive effect in both countries. Policy incentives are required to encourage flexible living arrangements in old age, as well as greater protection for unemployment during working life, more so in Germany than Britain. (RH). |
| Accession Number | CPA-050201207 B |
| Classmark | JF: JJ: F:W: BG6: 3J: 82: 767 |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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