Income growth in the United Kingdom during late career and after retirement: growing inequalities after deindustrialisation, educational expansion and development of the knowledge-based economy

Veira Ramos, Alberto; Schmelzer, Paul

Publication:
Income growth in the United Kingdom during late career and after retirement: growing inequalities after deindustrialisation, educational expansion and development of the knowledge-based economy

dc.affiliation.dpto	UC3M. Departamento de Análisis Social	es
dc.contributor.author	Veira Ramos, Alberto
dc.contributor.author	Schmelzer, Paul
dc.date.accessioned	2023-09-21T15:41:06Z
dc.date.available	2023-09-21T15:41:06Z
dc.date.issued	2023-02-01
dc.description.abstract	This article shows how late-life incomes from work and pensions evolved in the United Kingdom between 1991 and 2007, the year the Great Recession began. Our main contribution comes from focusing on changes across cohorts in different educational groups while also considering the gender divide. Our statistical analyses based on the British Household Panel Survey (BHPS) suggest that deindustrialisation, the expansion of jobs in the knowledge economy and pension reforms affected senior workers’ incomes before and after retirement. Highly qualified senior male workers have profited from increasing income across the cohorts more than any other social group. Such a trend is not observed among highly qualified female workers. Male and female low-qualified senior workers do not show major income loses, but have not benefited to the same extent as highly educated male workers. As a result, pension income inequalities between highly qualified men and the rest have increased. The increasing pensions gap between educational groups can be traced back to the improving situation on the labour market for highly qualified male workers, and to reforms benefiting private pension schemes, where the highly qualified are overrepresented. Thus, the shift in pension provisions towards private pension schemes is clearly disadvantageous for low-qualified male workers and for women of all educational levels, and contributes to the increase of social inequalities.	en
dc.identifier.bibliographicCitation	Veira-Ramos A, Schmelzer P. (2023). Income growth in the United Kingdom during late career and after retirement: growing inequalities after deindustrialisation, educational expansion and development of the knowledge-based economy. Ageing & Society 43, pp. 393-420.	es
dc.identifier.doi	https://doi.org/10.1017/S0144686X21000581
dc.identifier.issn	0144-686X
dc.identifier.publicationfirstpage	393	es
dc.identifier.publicationissue	2	es
dc.identifier.publicationlastpage	420	es
dc.identifier.publicationtitle	AGEING & SOCIETY	es
dc.identifier.publicationvolume	43	es
dc.identifier.uri	https://hdl.handle.net/10016/38417
dc.identifier.uxxi	AR/0000032859
dc.language.iso	eng	es
dc.publisher	Cambridge University Press	es
dc.relation.projectID	AT-2021
dc.rights	© The author(s)	es
dc.rights	Atribución 3.0 España	*
dc.rights.accessRights	open access	es
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/es/	*
dc.subject.eciencia	Estadística	es
dc.subject.eciencia	Sociología	es
dc.subject.other	Ageing	en
dc.subject.other	Income inequalities	en
dc.subject.other	Gender inequalities	en
dc.subject.other	Pension income	en
dc.subject.other	Deindustrialisation	en
dc.subject.other	Knowledge-based economy	en
dc.title	Income growth in the United Kingdom during late career and after retirement: growing inequalities after deindustrialisation, educational expansion and development of the knowledge-based economy	en
dc.type	research article	*
dc.type.hasVersion	VoR	*
dspace.entity.type	Publication