Year: 2003
Author: Zaidi, Asghar, Frick, Joachim R., Büchel, Felix
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 123 (2003), Iss. 1 : pp. 163–176
Abstract
This study examines income mobility amongst older people in Great Britain and Germany after retirement. The motivation is that older people may be subject to greater income risks in today’s environment of early exits from the labour force, rising longevity and increasing reliance on private pension income. Our results provide evidence that income mobility amongst older people is more pronounced in Great Britain than in Germany. In both countries, the probability of downward income mobility is associated with changes in marital status, living arrangements and the employment status of other family members. A first policy conclusion that can be drawn is the need to strengthen further the social safety net in old age against income risks experienced by groups with few or no individual pension rights.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.123.1.163
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 123 (2003), Iss. 1 : pp. 163–176
Published online: 2003-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 14