Older Women's Income and Wealth Packages in Cross-National Perspective

Timothy Smeeding, Janet Gornick, Eva Sierminska and Maurice Leach

Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research

Abstract: In this report, we assess the economic well-being of elderly women in cross-national perspective, comparing the United States to four other rich countries: the United Kingdom, Germany, Italy, and Sweden. These countries constitute an illuminating group, as they have diverse social policy systems, with respect to both social insurance and public assistance; and they have very different patterns of private wealth holding. Using the Luxembourg Wealth Study (LWS) which contains harmonized wealth micro-datasets from a number of industrialized countries, we analyze the income and wealth packages of older women’s households, across these five countries. Our primary focus is on wealth, including both financial and non-financial assets. The LWS findings that we report are supplemented by results on older women’s employment rates from the longstanding LIS income datasets and by a new institutional database which we have developed for LWS users.

Pages: 68 pages
Date: 2008-02
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Persistent link: https://EconPapers.repec.org/RePEc:crr:crrwps:wp2008-1

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