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During the active working life, the individual's labour income is greater than his consumption. In this age range of economic independence, the working population finances the economically dependent young and elderly. This pattern is characteristic of all countries, but there are significant di...

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Bibliographic Details
Published in:	Economic and business review for Central and South-Eastern Europe Vol. 21; no. 4
Main Authors:	Tanja Istenič, Jože Sambt
Format:	Journal Article
Language:	English
Published:	University of Ljubljana 16-07-2019
Subjects:	consumption economic dependence income from work life cycle national transfer accounts
Online Access:	Get full text
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Summary:	During the active working life, the individual's labour income is greater than his consumption. In this age range of economic independence, the working population finances the economically dependent young and elderly. This pattern is characteristic of all countries, but there are significant differences across countries in the age of economic independence. The article concludes that the period of economic independence in Slovenia was only 32 years in 2012. Despite the fact that life expectancy at birth has increased by more than 9 years in the last 30 years, the period of economic independence decreased by 5 years between 1983 and 2012.
ISSN:	1580-0466 2335-4216
DOI:	10.15458/2335-4216.1060