THE ECONOMIC WELL‐BEING OF THE ELDERLY

Stephen Crystal, Dennis Shea

Research output: Contribution to journalArticlepeer-review

39 Scopus citations

Abstract

Estimating the elderly's relative economic well‐being is of policy importance, but the procedure poses several technical problems. We propose a methodology for such comparison and present results from its application. Household income of persons is adjusted for household size, underreporting of unearned income, and the annuitized value of assets. By this measure, the elderly are on average 124 percent as well off as the nonelderly. Their households are on average 183 percent as well off as those of children under 6. Inequality is greater than at any other age and increases further for those over 75.

Original languageEnglish (US)
Pages (from-to)227-247
Number of pages21
JournalReview of Income and Wealth
Volume36
Issue number3
DOIs
StatePublished - Sep 1990

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

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