Net Government Expenditures and the Economic Well-being of the Elderly in the United States, 1989–2001

Edward N. Wolff, Ajit Zacharias, Hyunsub Kum and Robert Haveman

Chapter 4 in Government Spending on the Elderly, 2007, pp 81-122 from Palgrave Macmillan

Abstract: Abstract The sustainability of, and trade-offs involved in, government expenditures for the elderly has become increasingly topical in recent years. An adequate examination of policy options has to be based on a sound assessment of the economic well-being of the elderly. The most widely used measure of economic well-being in considering the gaps between elderly and nonelderly households is money income. However, as several studies have pointed out, money income does not reflect elements that are crucial for the economic well-being of the elderly such as noncash transfers (which are completely excluded from money income) and wealth (for example, Radner, 1996; Rendall and Speare, 1993).

Keywords: Public Consumption; Government Expenditure; Household Production; Cash Transfer; Gender Disparity (search for similar items in EconPapers)
Date: 2007
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Working Paper: Net Government Expenditures and the Economic Well-Being of the Elderly in the United States, 1989-2001 (2006)
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DOI: 10.1057/9780230591448_4

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