Incomes of Older People
Abstract:Incomes of older people are generally lower than those of the population, even when differences in household size are taken into account. On average in OECD countries, over 65s had incomes of 82% of the population as a whole in the mid‐2000s. Older people's incomes grew faster than the population's between the mid‐1980s and the mid‐2000s in 13 out of the 25 countries where data is available. In most OECD countries, public transfers provide the bulk of income in old age.
Document Type: Review Article
Publication date: March 1, 2011