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Older Women's Income and Wealth Packages in Cross-National Perspective

Author

Listed:
  • Timothy M. Smeeding
  • Janet C. Gornick
  • Eva Sierminska
  • Maurice Leach

Abstract

In this report, we assess the economic well-being of elderly women in cross-national perspective, comparing the United States to four other rich countries: the United Kingdom, Germany, Italy, and Sweden. These countries constitute an illuminating group, as they have diverse social policy systems, with respect to both social insurance and public assistance; and they have very different patterns of private wealth holding. Using the Luxembourg Wealth Study (LWS) which contains harmonized wealth micro-datasets from a number of industrialized countries, we analyze the income and wealth packages of older women’s households, across these five countries. Our primary focus is on wealth, including both financial and non-financial assets. The LWS findings that we report are supplemented by results on older women’s employment rates from the longstanding LIS income datasets and by a new institutional database which we have developed for LWS users.

Suggested Citation

  • Timothy M. Smeeding & Janet C. Gornick & Eva Sierminska & Maurice Leach, 2008. "Older Women's Income and Wealth Packages in Cross-National Perspective," Working Papers, Center for Retirement Research at Boston College wp2008-1, Center for Retirement Research.
    • Handle: RePEc:crr:crrwps:wp2008-1
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    File URL: http://crr.bc.edu/working-papers/older-womens-income-and-wealth-packages-in-cross-national-perspective/
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