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2019
DOI: 10.1111/roiw.12409
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Life Course Perspective on Economic Shocks and Income Inequality Through Age‐Period‐Cohort Analysis: Evidence From Finland

Abstract: Utilizing age-period-cohort analysis, this paper examines the development of income distribution across periodic economic fluctuations in relation to cohorts and age groups. The empirical analysis is based on the Finnish Income Distribution Statistics and Household Expenditure Surveys covering the period of 1966-2015. The findings suggest that the period and cohort effects can be identified as the main effects on relative income, while the age effects have no meaningful impact when the control variables are ta… Show more

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Cited by 17 publications
(19 citation statements)
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References 47 publications
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“…The jump in the income and education gaps in the youngest birth cohort (born from 1985 to 1989) could be related to the steep increase in income inequality that happened right before this birth cohort reached adulthood and entered the labour force. After this steep rise during the turn of the millennium, income inequality has stayed stable (Karonen and Niemelä, 2020). This point of view emphasizes how periodical changes in the economic context can affect different birth cohorts variably depending on the stage of life they are in.…”
Section: Discussionmentioning
confidence: 99%
“…The jump in the income and education gaps in the youngest birth cohort (born from 1985 to 1989) could be related to the steep increase in income inequality that happened right before this birth cohort reached adulthood and entered the labour force. After this steep rise during the turn of the millennium, income inequality has stayed stable (Karonen and Niemelä, 2020). This point of view emphasizes how periodical changes in the economic context can affect different birth cohorts variably depending on the stage of life they are in.…”
Section: Discussionmentioning
confidence: 99%
“…To explain the mechanisms underlying the association between birth cohort and chewing ability, it may be helpful to consider social conditions at multiple levels which affect oral health outcomes 33 . At the broadest level, social environmental change (e.g., the nutrition transition [34][35][36] ) may have contributed to improved chewing ability among those born after the 1951 cohort.…”
Section: Discussionmentioning
confidence: 99%
“…This is in contrast with occupation as the occupational careers usually begin the earliest at around age 20 and maturity is reached at around age 35 (Härkönen et al, 2016). Regarding income, maturity is achieved even later (after age 40) with substantial country variation, which is around age 40 in the US and after age 50 in Finland (Cheng and Song, 2019;Karonen and Niemelä, 2019). This indicates that parents' influence may also vary in a similar manner according to outcomes.…”
Section: Theoretical Backgroundmentioning
confidence: 99%