Department of Economics Seminar with Professor Roberto Pancrazi, University of Warwick Age Income Gap and its macroeconomic consequences

Professor Roberto Pancrazi's primary field is Macroeconomics, with a focus on Macroeconomic Theory, Quantitative and Applied Macroeconomics, and International Macroeconomics.

Abstract: The widening income gap between older and younger individuals is a key topic in political and academic discussions. Research often focuses on labour earnings, neglecting other income sources and cross-country comparisons. This paper fills these gaps by analysing disposable income trends in 2004-2018 across 32 countries using the Luxembourg Income Study Database. Key findings: (1) The age-income gap has increased in richer countries but decreased in poorer ones; (2) Higher employment rates among older individuals drive this disparity in richer countries; (3) Increased female labour market participation mildly affected the employment margin, while rising education and later retirement did not.