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The Importance Of Asset Income Among The Elderly

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  • Barbara Boyle Torrey
  • Cynthia M. Teauber

Abstract

This paper focuses on the income patterns among the elderly. The life cycle hypothesis suggests that income and assets will decline after retirement. Data from the 1980 U.S. decennial census confirms that total income declines for succeeding elderly cohorts. The census data, however, shows that income from assets for elderly cohorts increases until the cohort aged 85 years and older. This pattern is similar for different sex‐marital groups. Recent research that has addressed the issue of savings among the elderly is summarized and four possible explanations for the increase in income from assets found in the decennial census are discussed. We conclude by suggesting the implications of this data for the life cycle theory and public policy.

Suggested Citation

  • Barbara Boyle Torrey & Cynthia M. Teauber, 1986. "The Importance Of Asset Income Among The Elderly," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 32(4), pages 443-449, December.
    • Handle: RePEc:bla:revinw:v:32:y:1986:i:4:p:443-449
    DOI: 10.1111/j.1475-4991.1986.tb00550.x
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    Cited by:

    1. Xiaobo Xu & Jiali Fang & Martin Young & Liping Zou, 2024. "The impact of post‐retirement financial market participation on retirement income sufficiency in Australia," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 903-939, March.
    2. Tran, My & Gannon, Brenda & Rose, Christiern, 2023. "The effect of housing wealth on older adults’ health care utilization: Evidence from fluctuations in the U.S. housing market," Journal of Health Economics, Elsevier, vol. 88(C).

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