EconPapers    
Economics at your fingertips  
 

A Survey of Asset Poverty Among Older Adults of Hong Kong

Lih-Shing Chan () and Kee-Lee Chou
Additional contact information
Lih-Shing Chan: Education University of Hong Kong
Kee-Lee Chou: Education University of Hong Kong

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2018, vol. 138, issue 2, 605-622

Abstract: Abstract Despite its highly developed economy and modernized outlook, Hong Kong has a surprisingly severe poverty problem, especially among the aged. While income poverty among Hong Kong’s elderly has been widely acknowledged and extensively investigated, this study examines asset poverty using survey data of 4306 Hong Kong residents aged 60 or above. To investigate the link between asset poverty and income poverty, the income-poverty threshold is taken as being half the median household income, adjusted by the square root of household size; the asset poor are defined as those whose household assets are inadequate to cover their basic needs for a period of three months. Factors associated with the asset poverty of Hong Kong’s elderly are also examined. This study provides valuable information concerning asset poverty among older adults in an Asian society (namely, Hong Kong) and contributes to the literature on asset poverty, in which estimates of asset poverty are available only for the general population of some Western countries. Policy implications of the findings are discussed, and an asset-building approach is recommended.

Keywords: Asset poverty; Older adults; Hong Kong; Asia; Income poverty (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11205-017-1674-5 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:soinre:v:138:y:2018:i:2:d:10.1007_s11205-017-1674-5

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

Access Statistics for this article

Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement is currently edited by Filomena Maggino

More articles in Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-11-06
Handle: RePEc:spr:soinre:v:138:y:2018:i:2:d:10.1007_s11205-017-1674-5