The Economic Consequences of Widowhood
We analyzed the economic consequences of a husband’s death using events that occurred between the first two waves of the HRS and AHEAD studies. We compared poverty transitions against published results from Social Security’s Retirement History Survey of the 1970s. Widowhood remains an important risk factor for transition into poverty, although somewhat less so than twenty years ago. Women over age 65 (AHEAD) are less likely to experience severe economic changes than women under age 61 (HRS). Several factors account for the age differences: the declining importance of husband’s earnings with age, the rising importance of Social Security benefits, and the occasionally large out-of-pocket medical expenses associated with husband’s death before Medicare eligibility. The greater economic impact of widowhood at younger ages is consistent with our cross-section evidence that poverty rates rise with duration of widowhood but are only weakly associated with age.
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- Michael D. Hurd & David A. Wise, 1987.
"The Wealth and Poverty of Widows: Assets Before and After the Husband's Death,"
NBER Working Papers
2325, National Bureau of Economic Research, Inc.
- Michael D. Hurd & David A. Wise, 1989. "The Wealth and Poverty of Widows: Assets Before and After the Husband's Death," NBER Chapters, in: The Economics of Aging, pages 177-200 National Bureau of Economic Research, Inc.
- Michael D. Hurd, 1989.
"The Poverty of Widows: Future Prospects,"
in: The Economics of Aging, pages 201-230
National Bureau of Economic Research, Inc.
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- Burkhauser, Richard V & Duncan, Greg J, 1991. "United States Public Policy and the Elderly: The Disproportionate Risk to the Well-Being of Women," Journal of Population Economics, Springer, vol. 4(3), pages 217-31, August.
- Karen Holden & Richard Burkhauser & Daniel Feaster, 1988. "The timing of falls into poverty after retirement and widowhood," Demography, Springer, vol. 25(3), pages 405-414, August.
- Steven H. Sandell & Howard M. Iams, 1997. "Reducing women's poverty by shifting social security benefits from retired couples to widows," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 16(2), pages 279-297.
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