Elderly poverty in the United States in the 21st Century

Wimer, Christopher, and Lucas Manfield. “Elderly poverty in the United States in the 21st Century”. CRR WP 2015-29, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, November 2015. http://hdl.handle.net/2345/bc-ir:104827.
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Abstract

Official estimates of elderly poverty do not take into account either the medical needs of the elderly, which can be quite extensive, or the assets at their disposal, which may also be extensive. The new Supplemental Poverty Measure (SPM) explicitly takes into account medical needs but has been criticized for not concomitantly taking into account asset portfolios. In this paper we consider both jointly, using an approach adapted from a recent National Academy of Sciences report recommending methods for measuring poverty and medical risk while taking account of assets. We use longitudinal data from the Health and Retirement Study (HRS).

Title
Elderly poverty in the United States in the 21st Century: Exploring the role of assets in the supplemental poverty measure
Author
Wimer, Christopher
Manfield, Lucas
Center
Center for Retirement Research
Genre
working paper
Date Issued
November 2015
Publisher
Center for Retirement Research at Boston College
Series Title
CRR WP
Series Number
2015-29
Persistent Link
http://hdl.handle.net/2345/bc-ir:104827
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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