The 1947-64 baby boomers, who make up 31 percent of the population and about half the workforce, dominate the top five highest paying jobs, the department of statistics paper said.

The study found that late baby boomers, those born between 1955 and 1964, were better educated and in real income terms earned more than their seniors.

After discounting for age and inflation, professionals and managers among late boomers earned an average S$6130 US$3494 per month. Early boomers earned in real terms S$4680, 10 years ago, and the equivalent pay for their wartime counterparts in 1980 was S$3130.

The Straits Times, quoting from the report Tuesday, said the baby boomers enjoyed an improved standard of living because of economic, social and technological advances after World War II.

Because the boomers form a large part of the population, they will be a "significant force in shaping the needs of an ageing populaton," it said.