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.'
affiliation: 'Veira-Ramos, A (Corresponding Author), Univ Carlos III Madrid, Dept
  Anal Social, Madrid, Spain.

  Veira-Ramos, Alberto, Univ Carlos III Madrid, Dept Anal Social, Madrid, Spain.

  Schmelzer, Paul, Deutsch Inst Wirtschaftsforsch DIW, Berlin, Germany.'
article-number: PII S0144686X21000581
author: Veira-Ramos, Alberto and Schmelzer, Paul
author-email: alberto.veira@uc3m.es
author_list:
- family: Veira-Ramos
  given: Alberto
- family: Schmelzer
  given: Paul
da: '2023-09-28'
doi: 10.1017/S0144686X21000581
earlyaccessdate: MAY 2021
eissn: 1469-1779
files: []
issn: 0144-686X
journal: AGEING \& SOCIETY
keywords: 'ageing; income inequalities; gender inequalities; pension income;

  deindustrialisation; knowledge-based economy'
keywords-plus: 'OLDER WORKERS; EMPLOYMENT; UK; POLICY; GLOBALIZATION; PENSIONS;

  UNEMPLOYMENT; PROSPECTS; BRITAIN; GENDER'
language: English
month: FEB
number: '2'
number-of-cited-references: '97'
pages: 393-420
papis_id: ba177f19273c33d7ebcf1b390b2b9a59
ref: Veiraramos2023incomegrowth
times-cited: '1'
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'
type: article
unique-id: WOS:000742543600001
usage-count-last-180-days: '0'
usage-count-since-2013: '4'
volume: '43'
web-of-science-categories: Gerontology
year: '2023'