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Centre for Policy on Ageing | |
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| Pensioner income inequality | | Author(s) | Paul Johnson, Gary Stears |
| Journal title | Fiscal Studies, vol 16, no 4, 1995 |
| Pages | pp 69-93 |
| Keywords | Income [older people] ; Economic status [elderly] ; Poverty ; Measurement ; Variance analysis. |
| Annotation | Since 1980, the basic state pension has risen only in line with prices: its value relative to earnings has fallen from about 20% of average male earnings to nearer 16% by 1995. At the same time, incomes from private pensions have risen. The authors provide more in-depth analysis of pensioner income distribution in 1992/93 and how this has changed since 1961, using data from the Family Expenditure Survey (FES). Income inequality was far higher in the 1960s, when this gap decreased, before rising sharply in the 1980s. Tables and graphs illustrate the trends, using statistical techniques: Gini coefficients, and squared coefficient of variation. Inequality within and between groups of pensioners is also examined. Although single female pensioners are significantly poorer than either married couples or single males, the great majority of the total inequality arises from inequality within the different family types than between them. Based on this information, the next challenge is to understand what it is about people's labour market experience and membership of pension schemes that determines their income in retirement. (RH). |
| Accession Number | CPA-980107205 A |
| Classmark | JF: F:W: W6: 3R: 3YA * |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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