Consumption and Income Poverty for those 65 and Over
This paper examines income and consumption based measures of poverty for those 65 and over between 1972 and 2004. This study contributes to the existing literature on poverty in several ways. First, we construct consumption based measures of poverty that improve upon measures used in previous studies. In particular, we develop better measures of consumption of durables including vehicles and housing and we incorporate the value of health insurance into our measure of consumption. Second, we provide estimates of consumption based poverty for those 65 and over using the most recent data through 2004. Third, we examine the effect on poverty trends of alternative price indices, equivalence scales, and resource sharing units (the family or household). Fourth, in addition to poverty rates, which focus on the cumulative distribution function at a single point, we also study extreme poverty, near poverty and poverty gaps in order to examine more fully the trends in well-being of older individuals.
|Date of creation:||Sep 2007|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://harrisschool.uchicago.edu/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:har:wpaper:0721. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eleanor Cartelli)The email address of this maintainer does not seem to be valid anymore. Please ask Eleanor Cartelli to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.