The Poverty of Widows: Future Prospects

53 Pages Posted: 17 Jan 2002 Last revised: 12 May 2021

See all articles by Michael D. Hurd

Michael D. Hurd

RAND Corporation; State University of New York at Stony Brook - College of Arts and Science - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: July 1987

Abstract

I estimate the fraction of widows that will be in poverty by projecting the economic status, as measured in 1979, of a cohort of the elderly. The projections are based on an economic model of consumption behavior. I define and estimate a consumption-based measure of poverty status that, I believe, is more appropriate for the elderly than the usual income-based measure. According to the projections, the fraction of widows in poverty should not increase substantially as the 1979 cohort ages. However, the fraction in poverty depends critically on the definition: the differences between the consumption- and income- based measures are large. But even more important is the valuation put on Medicare/Medicaid: for two reasonable valuations, the fractions in poverty are very different.

Suggested Citation

Hurd, Michael D., The Poverty of Widows: Future Prospects (July 1987). NBER Working Paper No. w2326, Available at SSRN: https://ssrn.com/abstract=297328

Michael D. Hurd (Contact Author)

RAND Corporation ( email )

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State University of New York at Stony Brook - College of Arts and Science - Department of Economics ( email )

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National Bureau of Economic Research (NBER)

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