BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Kolasa Aleksandra (Narodowy Bank Polski; University of Warsaw)
Life Cycle Income and Consumption Patterns in Poland
Central European Journal of Economic Modelling and Econometrics (CEJEME), 2017, vol. 9, nr 2, s. 137-172, rys., tab., aneksy, bibliogr. 49 poz.
Słowa kluczowe
Cykl życia, Wzorce konsumpcji, Mobilność dochodowa
Life cycles, Consumption patterns, Income mobility
summ.; Klasyfikacja JEL: D12, D31, D91
This paper investigates the life cycle profiles of income and consumption and relative income mobility in Poland - a transition economy facing rapid structural economic and social changes. According to my results, and in line with the empirical evidence for advanced economies, the age-profiles of average income and consumption in Poland exhibit a hump. The inequality of income over the life cycle is found to flatten relatively quickly in Poland, which contrasts with the approximately linear shape observed in the US. When individual income process is fitted to match the Polish inequality profile, it exhibits less persistence than in the US. Past earnings turn out to affect current income more strongly for the group of more educated individuals. Moreover, and in contrast to the permanent income hypothesis as well as findings for other economies, no evidence of an increase in consumption inequality for households older than 30 years is found. Finally, the obtained estimates of relative income mobility in Poland are higher than those for developed countries. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Pełny tekst
  1. Aaberge R., Björklund A., Jäntti M., Palme M., Pedersen P.J., Smith N. and WennemoT.(2002),Income Inequality and Income Mobility in the Scandinavian Countries Compared to the United States. Review of Income and Wealth 48(4), 443-469.
  2. Abe N. and Yamada T. (2009), Nonlinear income variance profiles and consumption inequality over the life cycle. Journal of the Japanese and International Economies 23(3), 344-366.
  3. Alessie R., Lusardi A. and Aldershof T. (1997), Income and wealth over the life cycle: Evidence from panel data. Review of Income and Wealth 43(1), 1-32.
  4. Aubert P. and Crepon B.(2006), Age, wage and productivity: firm level evidence. INSEE Discussion Papers, Paris.
  5. Auten G.E. and Gee G. (2007), Income Mobility in the U.S. from 1996 to 2005. Report, Department of Treasury.
  6. Banks J., Blundell R. and Tanner S. (1998), Is There a Retirement-Savings Puzzle? American Economic Review 88(4), 769-788.
  7. Bayaz-Ozturk G., Burkhauser R.V. and Couch K.A. (2014), Consolidating the Evidence on Income Mobility in the Western States of Germany and the United States from 1984 to 2006. Economic Inquiry 52(1), 431-443.
  8. Blau D.M. (2008), Retirement and Consumption in a Life Cycle Model. Journal of Labor Economics 26(1), 35-71.
  9. Burkhauser R.V., Holtz-Eakin D. and Rhody S. (1998), Mobility and Inequality in the 1980s: A Cross-National Comparison of the United States and Germany. [in:] The Distribution of Welfare and Household Production, [ed:] Jenkins S., Kapteyn A. and van Praag B., Elsevier, 111-175.
  10. Cagetti, M. (2003), Wealth Accumulation over the Life Cycle and Precautionary Savings. Journal of Business and Economic Statistics 21(3), 339-353.
  11. Carroll C. D. and Summers L. (1991), Consumption Growth Parallels Income Growth: Some New Evidence. [in:] National Savings and Economic Performance, [ed:] Bernheim D. and Shoven B. (Chicago: University of Chicago Press), 305- 343.
  12. Chen W. H.(2009), Cross-National Differences in Income Mobility: Evidencefrom Canada, the United States, Great Britain and Germany. Review of Income and Wealth 55(1), 75-100.
  13. Chłoń-Domińczak A. (2009), The Pension System and Employment of Older Workers: How to Change the Incentives Structure - The Polish Expirience. [in:] Pension Reform in Southeastern Europe: Linking to Labor and Financial Market Reform, [ed:] Holzmann R., Mackellar L. and Repansek J. (The World Bank Washington, D.C.) chapter 11, 163-176.
  14. Cooper R. and Zhu G. (2016), Household Finance over the Life-Cycle: What does Education Contribute? Review of Economic Dynamics 20, 63-89.
  15. Corak M. (2013), Income inequality, equality of opportunity, and intergenerational mobility. The Journal of Economic Perspectives 27(3), 79-102.
  16. Deaton A.S. (1985), Panel Data from Time Series of Cross-Sections. Journal of Econometrics 30(1-2), 109-126.
  17. Deaton A.S. (1997), The Analysis of Household Surveys: A Microeconomic Approach to Development Policy, Johns Hopkins University Press.
  18. Deaton A.S. and Paxson C.H. (1992), Saving, Growth, and Aging in Taiwan. Papers 161, Princeton, Woodrow Wilson School - Development Studies.
  19. Deaton A.S. and Paxson C.H. (1994), Intertemporal Choice and Inequality. Journal of Political Economy 102(3), 437-467.
  20. Díaz-Giménez J.,Glover A. and J.V. Ríos-Rull (2011), Facts on the Distributions of Earnings, Income, and Wealth in the United States: 2007 Update. Quarterly Review 34, 2-31.
  21. Fabig H. (1998), Income mobility in international comparison - an empirical analysis with panel data. Report, Goethe University Frankfurt.
  22. Fernández-VillaverdeJ.andKruegerD.(2007),ConsumptionovertheLifeCycle: Facts from Consumer Expenditure Survey Data. The Review of Economics and Statistics 89(3), 552-565.
  23. Flodén M. and Lindé J. (2001), Idiosyncratic Risk in the United States and Sweden: Is There a Role for Government Insurance? Review of Economic Dynamics 4(2), 406-437.
  24. Florczak A. and Jabłonowski J. (2016), Consumption over life cycle in Poland. National Bank of Poland Working Papers 252, National Bank of Poland, Economic Institute.
  25. Fuchs-Schuendeln N., Krueger D. and Sommer M. (2010), Inequality Trends for Germany in the Last Two Decades: A Tale of Two Countries. Review of Economic Dynamics 13(1), 103-132.
  26. Galasi P. (1998), Income Inequality and Mobility in Hungary 1992-96. Papers 98/3, Innocenti Occasional Papers, Economic Policy Series.
  27. Goebel C. and Zwick T. (2009), Age and productivity: evidence from linked employer employee data. ZEW Discussion Papers 09-020, ZEW - Zentrum fur Europaische Wirtschaftsforschung / Center for European Economic Research.
  28. Gourinchas P.O. and Parker J.A. (2002), Consumption over the life cycle. Econometrica 70(1), 47-89.
  29. Guvenen F. (2007), Learning Your Earning: Are Labor Income Shocks Really Very Persistent? American Economic Review 97(3), 687-712.
  30. Hall P. (1992), Effect of Bias Estimation on Coverage Accuracy of Bootstrap Confidence Intervals for a Probability Density. The Annals of Statistics 1992, 675-694.
  31. Horváth M. and Siebertová Z. (2015), Najlepšie zarábajúci zamestnanci na Slovensku: kto sú a čo robia. Technical Report, Rada pre Rozpočtovú zodpovednost'.
  32. Khor N. and Pencavel J. (2006), Income Mobility of Individuals in China and the United States. Economics of Transition 14(3), 417-458.
  33. Khor N. and Pencavel J. (2010), Evolution of Income Mobility in the People's Republic of China: 1991-2002. ADB Economics Working Paper Series.
  34. Leszkiewicz-Kędzior K. and Welfe W.(2012), Consumption Function for Poland. Is Life Cycle Hypothesis Legitimate? Bank i Kredyt 43(5), 5-20.
  35. Lukiyanova A. and Oshchepkov A. (2011), Income mobility in Russia (2000- 2005). Economic Systems 36, 46-64.
  36. Mason A. and Lee R. (2013), Labor and consumption across the lifecycle. The Journal of the Economics of Ageing 1, 16-27.
  37. Neumann M.H. (1995), Automatic Bandwidth Choice and Confidence Intervals in Nonparametric Regression. The Annals of Statistics 23(6), 1937-1959.
  38. Nybom M. and Stuhler J. (2016), Heterogeneous Income Profiles and Lifecycle Bias in Intergenerational Mobility Estimation. Journal of Human Resources 51(1), 239-268.
  39. OECD (1996), Employment Outlook (OECD).
  40. Shorrocks A.F. (1978), The Measurement of Mobility. Econometrica 1978, 1013- 1024.
  41. Skoufias E. (2003), Consumption smoothing in Russia. The Economics of Transition 11(1), 67-91.
  42. SmykM.,TyrowiczJ.andLiberdaB.(2014),Age-productivitypatternsintalent occupations for men and women: a decomposition. Post-Communist Economies 26(3), 401-414.
  43. SolonG.(2002), Cross-country differences in intergeneration alearnings mobility. The Journal of Economic Perspectives 16(3), 59-66.
  44. Sommers P.M. and Conlisk J. (1979), Eigenvalue Immobility Measures for Markov Chains. Journal of Mathematical Sociology 6(2), 253-276.
  45. Speckman P. (1988), Kernel Smoothing in Partial Linear Models. Journal of the Royal Statistical Society. Series B (Methodological) 1988, 413-436.
  46. Storesletten K., Telmer C.I. and Yaron A.(2004), ConsumptionandRiskSharing Over the Life Cycle. Journal of Monetary Economics 51(3), 609-633.
  47. VečernikJ.(2013), The changing role of education in the distribution of earnings and household income. The Economics of Transition 21(1), 111-133.
  48. Yang F. (2009), Consumption over the life cycle: How different is housing? Review of Economic Dynamics 12(3), 423-443.
  49. Zhou S.(2012), Explaining the Saving Puzzles in Urban China. Review of Income and Wealth 58(3), 504-530
Cytowane przez
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu