Ageing population helps explain inequality in US – BIS paper

The Bank for International Settlements, Basel
Photo: Ulrich Roth

The ageing of the US population appears to have contributed to a decline in the share of income accruing to workers, a working paper published by the Bank for International Settlements finds.

Andrew Glover and Jacob Short hypothesise that as workers age, their “dynamism” in seeking better job opportunities diminishes. This in turn gives their employer more power to set their wages, which leads to a widening gap between productivity and pay as workers get older.

Glover and Short test their

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: