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Is There an American Way of Aging?: Income Dynamics of the Elderly in the U.S. and Germany

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Author Info
Thomas L. Hungerford
Abstract

This study examines income dynamics during individuals' first 12 years of retirement. Two questions are asked: (1) Are the economic experiences of the elderly in the United States unique, or are they similar to those of the elderly in Germany? and (2) What is the role of Social Security in shaping these economic experiences? The results show major differences in the experiences of retired individuals as they age in the respective countries. Retired Germans generally maintain their accustomed living standards, whereas retired Americans experience a declining standard of living.

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Paper provided by Levy Economics Institute, The in its series Economics Working Paper Archive with number 365.

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Date of creation: Dec 2002
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Handle: RePEc:lev:wrkpap:365

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Stephen E. Snyder & William N. Evans, 2002. "The Impact of Income on Mortality: Evidence from the Social Security Notch," NBER Working Papers 9197, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Courtney Coile & Jonathan Gruber, 2000. "Social Security and Retirement," NBER Working Papers 7830, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. David T. Ellwood & Thomas J. Kane, 1990. "The American Way of Aging: An Event History Analysis," NBER Chapters, in: Issues in the Economics of Aging, pages 121-148 National Bureau of Economic Research, Inc. [Downloadable!]
  4. Axel H. Boersch-Supan, 1994. "Aging in Germany and the United States: International Comparisons," NBER Chapters, in: Studies in the Economics of Aging, pages 291-330 National Bureau of Economic Research, Inc. [Downloadable!]
  5. Axel Borsch-Supan & Reinhold Schnabel, 1999. "Social Security and Retirement in Germany," NBER Chapters, in: Social Security and Retirement around the World, pages 135-180 National Bureau of Economic Research, Inc. [Downloadable!]
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This page was last updated on 2009-12-3.

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