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Author: Waehrer, Keith
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Crystal, Stephen Waehrer, Keith |
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Later-Life Economic Inequality in Longitudinal Perspective Journals of Gerontology: Series B: Psychological Sciences and Social Sciences 51B,6 (November 1996): S307-S318. Also: http://psychsocgerontology.oxfordjournals.org/content/51B/6/S307.abstract Cohort(s): Older Men Publisher: Gerontological Society of America Keyword(s): Age and Ageing; Economic Changes/Recession; Economic Well-Being; Mobility; Pensions Data from the National Longitudinal Survey of Older Men were used to estimate economic inequality within three 5-year cohorts as they moved from midlife to later life. The Gini index of inequality increased steadily after age 59, supporting the hypothesis that within-cohort inequality increases in late life. However, a transition analysis found considerable mobility in relative status for individuals over a 15-year period. These results suggest the need to develop a longitudinal perspective on later-life economic status which distinguishes between individual-level and population-level outcomes and identifies the life events and characteristics of individuals that predict changes in economic status. Further research is needed on the processes which lead to later-life inequality, and on the distributional impact of public and private pension policies. |
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Bibliography Citation
Crystal, Stephen and Keith Waehrer. "Later-Life Economic Inequality in Longitudinal Perspective." Journals of Gerontology: Series B: Psychological Sciences and Social Sciences 51B,6 (November 1996): S307-S318.
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