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The economic well-being of the elder...

Wu, Yanyuan.

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The economic well-being of the elderly and public policy.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The economic well-being of the elderly and public policy./
Author:	Wu, Yanyuan.
Description:	128 p.
Notes:	Source: Dissertation Abstracts International, Volume: 71-07, Section: A, page: .
Contained By:	Dissertation Abstracts International71-07A.
Subject:	Gerontology. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3408676
ISBN:	9781124051062

The economic well-being of the elderly and public policy.
Wu, Yanyuan.

The economic well-being of the elderly and public policy. - 128 p.

Source: Dissertation Abstracts International, Volume: 71-07, Section: A, page: .

Thesis (Ph.D.)--The University of Chicago, 2010.

Like the rest of the world, the U.S. is an aging society. According to the Census Bureau, about 1 in 8 Americans were 65 or older in 2000, with 1 in 5 projected to be in this category by the year 2030. The rapid aging of America raises significant concerns about what is in store for its current and future old-age population. The increasing importance of the older population is also reflected in public policy debates about Social Security, the mainstay of retirement income for the older population, and other public transfer programs, such as the Food Stamp Program (FSP), a program which plays an important role as a safety net for the low-income elderly. A careful examination of policy options must be based on a sound assessment of the economic well-being of the elderly.

ISBN: 9781124051062Subjects--Topical Terms:

533633
Gerontology.

The economic well-being of the elderly and public policy.
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020 $a 9781124051062
035 $a (UMI)AAI3408676
035 $a AAI3408676
040 $a UMI $c UMI
100 1 $a Wu, Yanyuan. $3 1669894
245 1 4 $a The economic well-being of the elderly and public policy.
300 $a 128 p.
500 $a Source: Dissertation Abstracts International, Volume: 71-07, Section: A, page: .
500 $a Adviser: Bruce D. Meyer.
502 $a Thesis (Ph.D.)--The University of Chicago, 2010.
520 $a Like the rest of the world, the U.S. is an aging society. According to the Census Bureau, about 1 in 8 Americans were 65 or older in 2000, with 1 in 5 projected to be in this category by the year 2030. The rapid aging of America raises significant concerns about what is in store for its current and future old-age population. The increasing importance of the older population is also reflected in public policy debates about Social Security, the mainstay of retirement income for the older population, and other public transfer programs, such as the Food Stamp Program (FSP), a program which plays an important role as a safety net for the low-income elderly. A careful examination of policy options must be based on a sound assessment of the economic well-being of the elderly.
520 $a My dissertation titled "The Economic Well-being of the Elderly and Public Policy" focuses on providing a solid assessment of the economic status of elderly people using comprehensive measures. It also specifically addresses questions regarding the social program participation decisions of the elderly and how public transfers impact their welfare. The dissertation relies on multiple sources of data, including survey data from the Panel Study of Income Dynamics, the American Time Use Survey, the Continuing Survey of Food Intakes by Individuals, the Consumer Expenditure Survey, as well as administrative data from Administration on Aging and the Food Stamp Program Quality Control data. Each essay of the dissertation uses a variety of methods, including descriptive analyses, multivariate regressions, and duration methods.
520 $a The first essay "Older Women's Economic Well-being: Income, Consumption, and Leisure Before and After Retirement" responds to the skepticism of Munnell and other scholars that older Americans are able to maintain their well-being during retirement years. The paper evaluates the economics situation of older women, one of the most vulnerable groups among the elderly, as they move into their retirement year. It analyzes a comprehensive range of variables that capture the economic status of the elderly, including income, poverty rates, food consumption, housing consumption, nutrition measures, household production, and leisure. The study finds that different measures of economic well-being lead to very different views on how older women fare. Income-based measures show the economic-hardship of older women in retirement. Income drops substantially after retirement and poverty rates increase. On the other hand, consumption-based measures show that on average older women are able to sustain their level of consumption. Consumption of durables, such as housing, remains constant in retirement, while the decline in food expenditures is matched by a dramatic rise in time spent on food production by both husbands and older women. I argue that when the value of household production and leisure are included in a well-being analysis, there is no evidence that the economic well-being of the average older woman declines in retirement. I also find that being widowed at an early stage of life or suffering negative health shocks upon retirement is associated with a real fall in well-being, one which cannot be explained by the time/money substitution mechanism.
520 $a The finding that some older households are at risk of being unable to maintain their well-being in old-age leaves open a role for public policy. It is important, therefore, to understand the effectiveness of policies designed to maintain the well-being of poor older households. To this end, the second essay, "Why Do So Few Elderly Use Food Stamps?" focuses on the Food Stamp Program (FSP) participation decision of the poor elderly and its implications for their well-being. The results suggest that economic incentives, information deficiencies, and crowding-out effects from the Elderly Nutrition Program jointly explain the low take-up of food stamps among the elderly. Despite the low take-up of food stamps, elderly eligible nonparticipants are, on average, more food sufficient, spend more on food consumption, and eat more nutritious food than participants. This suggests that the utility loss to the nonparticipants is not as high as the problem sounds.
520 $a Taken together, the dissertation suggests that broadening our concept of economic well-being to include both the value of household production and the value of leisure casts considerable doubt on the claim made by many scholars that on average, the economic well-being of the elderly deteriorates in retirement. At the same time, the findings of the dissertation do not rule out the possibility that some older women may be ill-prepared to sustain consumption during retirement. These findings also emphasize the importance of addressing the heterogeneity and special needs of different population subgroups in policy making.
590 $a School code: 0330.
650 4 $a Gerontology. $3 533633
650 4 $a Health Sciences, Aging. $3 1669845
650 4 $a Economics, General. $3 1017424
650 4 $a Sociology, Public and Social Welfare. $3 1017909
690 $a 0351
690 $a 0493
690 $a 0501
690 $a 0630
710 2 $a The University of Chicago. $b Public Policy Studies. $3 1669895
773 0 $t Dissertation Abstracts International $g 71-07A.
790 1 0 $a Meyer, Bruce D., $e advisor
790 1 0 $a LaLonde, Robert J. $e committee member
790 1 0 $a Charles, Kerwin K. $e committee member
790 1 0 $a Black, Dan $e committee member
790 $a 0330
791 $a Ph.D.
792 $a 2010
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3408676