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Income mobility in old age in Britain and Germany
- Authors:
- ZAIDI Asghar, FRICK Joachim R., BUCHEL Felix
- Journal article citation:
- Ageing and Society, 25(4), July 2005, pp.543-565.
- Publisher:
- Cambridge University Press
Examines the income mobility experienced by older people living in Britain and Germany during the 1990s, and identifies the influential personal attributes and lifecourse events. The analysis uses British Household Panel Survey (BHPS) and German Socio-Economic Panel (SOEP) panel data. The comparative perspective yields insights about the different income experiences of older people in the two markedly different welfare regimes. It is found that old-age income mobility has been more pronounced in Britain than in Germany, and that in both countries its occurrence was strongly associated with changes in living arrangements, with the employment status of co-residents, and with widowhood among women. Unemployment during working life associated significantly with negative late-life income mobility. Among those on low incomes, a high share of income from an earnings-related pension had a significant and positive effect in both countries.