A multi-national comparison of income inequality over the later-life course

Robert Brown~Steven G Prus, Canada

This paper examines income inequality over stages of the later-life course and systems that can be used to mitigate this inequality. Two hypotheses are tested: Levels of income inequality decline as cohorts cross from the later part of traditional working ages to retirement ages because public benefits are more equally distributed than work income;Because of the progressive nature of government benefits, countries with stronger public income security programs are better able to smooth income inequalities over the later life course.The analysis is performed for seven OECD countries using Luxembourg Income Study data. Both hypotheses are supported. Several conclusions are drawn from the findings
Date: 29 May - Time: 16:30 to 18:00 - Room: 252A
Theme: 3.A. Actuarial problems related to the retirement of the baby-boom