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Centre for Policy on Ageing | |
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Comparing incomes when needs differ
— equivalisation for the extra costs of disability in the UK | | Author(s) | Asghar Zaidi, Tania Burchardt |
| Corporate Author | ESRC Centre for Analysis of Social Exclusion - CASE, Suntory-Toyota International Centres for Economics and Related Disciplines - STICERD, London School of Economics and Political Science |
| Publisher | STICERD, London, 2003 |
| Pages | 35 pp (CASEpaper 64) |
| Source | Centre for Analysis of Social Exclusion, London School of Economics, Houghton Street, London WC2A 2AE. |
| Keywords | Physical disabilities ; Costs [care] ; Needs [elderly] ; Income [older people] ; Cost of living ; Poverty ; Comparison. |
| Annotation | Equivalisation of incomes for household size and composition is accepted practice when measuring poverty and inequality; adjustments to take account of other variations are rarely made. This paper explores the financial implications of one possible source of additional needs: disability. Using two UK household surveys - the Family Resources Survey (FRS), and the British Household Panel Survey (BHPS) - the authors seek to establish whether there are extra costs of living associated with disability, and to quantify them using the "standard of living" approach. The underlying theory is that a household's standard of living is a function of income and needs. The extra cost of disability can be derived by comparing the standard of living of households with and without disabled members at a given income, having controlled for other sources of variation. Results show that extra costs of disability are substantial, especially for those living alone, and that these costs rise with severity of disability. The authors find that unadjusted incomes significantly understate the problem of low income amongst disabled people, and thereby to the population as a whole. (RH). |
| Accession Number | CPA-030407202 B |
| Classmark | BN: QDC: IK: JF: J3C: W6: 48 |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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