TY - JOUR
T1 - THE ECONOMIC WELL‐BEING OF THE ELDERLY
AU - Crystal, Stephen
AU - Shea, Dennis
PY - 1990/9
Y1 - 1990/9
N2 - 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.
AB - 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.
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U2 - 10.1111/j.1475-4991.1990.tb00302.x
DO - 10.1111/j.1475-4991.1990.tb00302.x
M3 - Article
AN - SCOPUS:84983942416
SN - 0034-6586
VL - 36
SP - 227
EP - 247
JO - Review of Income and Wealth
JF - Review of Income and Wealth
IS - 3
ER -