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Old age, poverty and social investment

  • Armando Barrientos

    (IDPM, University of Manchester, Manchester, UK)

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    The paper examines two commonly held views on the relationship existing between old age and poverty in developing countries: that poverty is less pronounced among the old; and that poverty reduction programmes focused on the old have lower social payoffs than programmes aimed at the young. The paper argues that standard measures underestimate old age poverty, and that the evaluation of poverty programmes needs to take account of the economic contribution of the old and of positive externalities in old age support. It concludes that the low priority given to old age support in developing countries needs to be reconsidered. Copyright © 2002 John Wiley & Sons, Ltd.

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    File URL: http://hdl.handle.net/10.1002/jid.955
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    Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

    Volume (Year): 14 (2002)
    Issue (Month): 8 ()
    Pages: 1133-1141

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    Handle: RePEc:wly:jintdv:v:14:y:2002:i:8:p:1133-1141
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    1. Lloyd-Sherlock, Peter, 2000. "Old Age and Poverty in Developing Countries: New Policy Challenges," World Development, Elsevier, vol. 28(12), pages 2157-2168, December.
    2. Whitehouse, Edward, 2000. "How poor are the old? a survey of evidence from 44 countries," Social Protection Discussion Papers 23141, The World Bank.
    3. Murray, Christopher J. L. & Acharya, Arnab K., 1997. "Understanding DALYs," Journal of Health Economics, Elsevier, vol. 16(6), pages 703-730, December.
    4. Deaton, A. & Paxson, C., 1997. "Poverty Among Children and the Eldrely in Developing Countries," Papers 179, Princeton, Woodrow Wilson School - Development Studies.
    5. de Carvalho Filho, Irineu E., 2010. "Household income as a determinant of child labor and school enrollment in Brazil: Evidence from a social security reform," MPRA Paper 26046, University Library of Munich, Germany.
    6. Haddad, Lawrence & Kanbur, Ravi, 1989. "How serious is the neglect of intrahousehold inequality ?," Policy Research Working Paper Series 296, The World Bank.
    7. Anand, Sudhir & Hanson, Kara, 1997. "Disability-adjusted life years: a critical review," Journal of Health Economics, Elsevier, vol. 16(6), pages 685-702, December.
    8. Browning, M. & Bourguignon, F. & Chiappori, P.A. & Lechene, V., 1992. "Incomes and Outcomes: A structural Model of Intra-Household Allocation," DELTA Working Papers 92-23, DELTA (Ecole normale supérieure).
    9. James P. Smith, 1999. "Healthy Bodies and Thick Wallets: The Dual Relation between Health and Economic Status," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 145-166, Spring.
    10. Dreze, Jean & Srinivasan, P. V., 1997. "Widowhood and poverty in rural India: Some inferences from household survey data," Journal of Development Economics, Elsevier, vol. 54(2), pages 217-234, December.
    11. Lanjouw, Peter & Milanovic, Branko & Paternostro, Stefano, 1998. "Poverty and the economic transition : how do changes in economies of scale affect poverty rates for different households?," Policy Research Working Paper Series 2009, The World Bank.
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