Centre for Policy on Ageing
 

 
Aggregating poor and near-poor elderly under different resource definitions
Author(s)Michael S Rendall
Journal titleThe Journals of Gerontology Series B: Psychological Sciences and Social Sciences, vol 51B, no 4, July 1996
Pagespp S209-S216
KeywordsPoverty ; Assets [elderly] ; Income [older people] ; Indicators ; United States of America.
AnnotationThis study investigates how accounting for assets and non-cash transfers as well as cash income for current consumption affects the measurement of poverty. It uses the Foster, Greer, Thorbecke (FGT) poverty index to analyse the prevalence and intensity of poverty among older people, as estimated in the 1984 Survey of Income and Program Participation data. Adding the annuity value of assets removes many older people from the ranks of the poor and near-poor, while adding non-cash transfers moves many older people from poverty into near-poverty. Their combined effect reinforces a high-prevalence, low-intensity characterisation of poverty. Large total poverty reduction effects are missed by income-only resource definition, and large poverty-intensity reduction effects are missed by prevalence-only aggregation.
Accession NumberCPA-970704018 A
ClassmarkW6: JD: JF: 3RI: 7T

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