© The Empirical economics letters, Department of Economics, University of Rajshahi
The Empirical Economics Letters, 16(3): (March 2017)
The recent economic crisis has highlighted and enhanced the long-term value of earnings over life. This paper is focused on the relationship between income and age in Spain. We have considered cohort data using the information contained in the European Union Statistics on Income and Living Conditions (EU-SILC). The variation of earnings with age follows a quadratic function, reaches a maximum at age 48 years old and declines thereafter. The evidence found has important effects on retirement decisions and also confirms the existence of a significant gender gap. Also, we can accept the existence of a new glass ceiling
