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, 1987.
"The Poverty of Widows: Future Prospects,"
NBER Working Papers
2326, 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,"
in: The Economics of Aging, pages 177-200
National Bureau of Economic Research, Inc.
- 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.
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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.
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- Kathleen McGarry, 1995. "Measurement Error and Poverty Rates of Widows," Journal of Human Resources, University of Wisconsin Press, vol. 30(1), pages 113-134.
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