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Centre for Policy on Ageing | |
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How older people in the United States and Germany fared in the growth years of the 1980s
— a cross-sectional versus a longitudinal view | | Author(s) | Richard V Burkhauser, Amy Crews Cutts, Dean R Lillard |
| Journal title | The Journals of Gerontology Series B: Psychological Sciences and Social Sciences, vol 54B, no 5, September 1999 |
| Pages | pp S279-290 |
| Keywords | Economic status [elderly] ; Cross sectional surveys ; Longitudinal surveys ; Comparison ; Germany ; United States of America. |
| Annotation | The United States (US) Panel Study of Income Dynamics and the German Socio-Economic Panel are used cross-sectionally to capture changes in older people's economic well-being in the trough and peak years of the 1980s business cycle, and longitudinally to trace how economic well-being of a given cohort of older people changed over those years. Kernel density estimation is then used to trace how the economic well-being of these population changed over that time. Cross-sectional comparisons confirm that those aged 65 and over in the peak year were better off than those aged 65 in the trough year in both countries. Longitudinal comparisons, however, show that those aged 65 and over in the trough year who survived to the peak year received a substantially smaller share of the rewards of economic recovery than cross-sectional comparisons imply. Moreover, the entire income distribution of older people in the US drifted downwards. Compositional changes in cross-sectional data, caused by entry of high-income people who are young in the peak but old in the trough, obscure the decline in economic well-being in the cohort of older people who survived the 1980s trough year in the US. (RH). |
| Accession Number | CPA-991220227 A |
| Classmark | F:W: 3KB: 3J: 48: 767: 7T |
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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