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Centre for Policy on Ageing | |
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| Use of an income-equivalence scale to understand age-related changes in financial strain | | Author(s) | Richard Benoit Francoeur |
| Journal title | Research on Aging, vol 24, no 4, July 2002 |
| Pages | pp 445-472 |
| Keywords | Poverty ; Stress ; Economic status [elderly] ; Measurement. |
| Annotation | Income-equivalence scales (IES) provide distinct advantages over poverty indices to adjust family income for differences in family size, including improved specification of hypothesised causal relationships involving objective measures of economic well-being. In a novel IES application, cancer patients' out-of-pocket health expenses are adjusted for differences in family income and size and, along with five other sub-indices, contribute to an overall index of "objective family financial stress". Age-related changes are modelled simultaneously within relationships between overall objective family financial stress and subjective patient perceptions about financial strain. Among the findings, the impact of age on one area of subjective financial strain, "difficulty paying bills" is negative and curvilinear. Regardless of adjusted out-of-pocket costs, as age advances, patients appear increasingly likely to accommodate to financial stress by reporting less difficulty paying bills. The phenomenon could serve to mask and isolate older people who are foregoing needed yet unaffordable medical care and prescriptions. (RH). |
| Accession Number | CPA-020718209 A |
| Classmark | W6: QNH: F:W: 3R |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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