IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-59144-8_4.html
   My bibliography  Save this book chapter

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

In: Government Spending on the Elderly

Author

Listed:
  • Edward N. Wolff
  • Ajit Zacharias
  • Hyunsub Kum
  • Robert Haveman

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).

Suggested Citation

  • Edward N. Wolff & Ajit Zacharias & Hyunsub Kum & Robert Haveman, 2007. "Net Government Expenditures and the Economic Well-being of the Elderly in the United States, 1989–2001," Palgrave Macmillan Books, in: Dimitri B. Papadimitriou (ed.), Government Spending on the Elderly, chapter 4, pages 81-122, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59144-8_4
    DOI: 10.1057/9780230591448_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Michael S. Rendall & Alden Speare, 1993. "Comparing Economic Well‐Being Among Elderly Americans," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 39(1), pages 1-21, March.
    2. J. Steven Landefeld & Stephanie H. McCulla, 2000. "Accounting For Nonmarket Household Production Within A National Accounts Framework," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 46(3), pages 289-307, September.
    3. Patricia Ruggles & Michael O'Higgins, 1981. "The Distribution Of Public Expenditure Among Households In The United States," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 27(2), pages 137-164, June.
    4. repec:bla:revinw:v:27:y:1981:i:2:p:137-64 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fofack, Hippolyte, 2012. "Accounting for gender production from a growth accounting framework in Sub-Saharan Africa," Policy Research Working Paper Series 6153, The World Bank.
    2. Diewert, Erwin & FOX, Kevin J. & Paul Schreyer, 2017. "The Allocation and Valuation of Time," Microeconomics.ca working papers erwin_diewert-2017-5, Vancouver School of Economics, revised 04 May 2017.
    3. Wang, Jingyu & Peng, Lu & Chen, Jiancheng & Deng, Xiangzheng, 2024. "Impact of rural industrial integration on farmers' income: Evidence from agricultural counties in China," Journal of Asian Economics, Elsevier, vol. 93(C).
    4. Hozer-Koćmiel Marta & Kuźmiński Wojciech, 2020. "Modelling Unpaid Housework Time in Poland on the Basis of a Time Use Survey," Folia Oeconomica Stetinensia, Sciendo, vol. 20(1), pages 177-189, June.
    5. J. Steven Landefeld & Shaunda Villones, 2009. "National Time Accounting and National Economic Accounting," NBER Chapters, in: Measuring the Subjective Well-Being of Nations: National Accounts of Time Use and Well-Being, pages 113-123, National Bureau of Economic Research, Inc.
    6. Merz, Joachim, 2009. "Time Use and Time Budgets – Improvements, Future Challenges and Recommendations," MPRA Paper 16304, University Library of Munich, Germany.
    7. Ezequiel Uriel & Javier Ferri & Maria Luisa Molto, 2005. "Estimation of an Extended SAM with household production for Spain 1995," Economic Systems Research, Taylor & Francis Journals, vol. 17(3), pages 255-278.
    8. Katharine G. Abraham & Christopher Mackie, 2006. "A Framework for Nonmarket Accounting," NBER Chapters, in: A New Architecture for the US National Accounts, pages 161-192, National Bureau of Economic Research, Inc.
    9. Fassina, Caroline & Jarvis, Diane & Tavares, Silvia & Coggan, Anthea, 2022. "Valuation of ecosystem services through offsets: Why are coastal ecosystems more valuable in Australia than in Brazil?," Ecosystem Services, Elsevier, vol. 56(C).
    10. Asiedu, Edward, 2016. "Coming home without supplies: Impact of household needs on bribe involvement and gender gaps," GlobalFood Discussion Papers 229587, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
    11. Erwin Diewert & John Greenlees & Charles R. Hulten, 2009. "Introduction: What Are the Issues?," NBER Chapters, in: Price Index Concepts and Measurement, pages 1-16, National Bureau of Economic Research, Inc.
    12. D.P. Doessel & Ruth F.G. Williams, 2012. "The New Welfare Measures," Working Papers 2012.07, School of Economics, La Trobe University.
    13. Benjamin Bridgman & Andrew Craig & Danit Kanal, 2022. "Accounting for Household Production in the National Accounts," Survey of Current Business, Bureau of Economic Analysis, vol. 102(2), pages 1-3, February.
    14. Barbara M. Fraumeni & Marshall B. Reinsdorf & Brooks B. Robinson & Matthew P. Williams, 2008. "Price and Real Output Measures for the Education Function of Government: Exploratory Estimates for Primary & Secondary Education," NBER Working Papers 14099, National Bureau of Economic Research, Inc.
    15. Ron Crawford & Grant Johnston, 2004. "Household incomes in New Zealand: The impact of the market, taxes and government spending, 1987/88–1997/98," Treasury Working Paper Series 04/20, New Zealand Treasury.
    16. Carla Canelas & François Gardes & Philip Merrigan & Silvia Salazar, 2019. "Are time and money equally substitutable for all commodity groups in the household’s domestic production?," Review of Economics of the Household, Springer, vol. 17(1), pages 267-285, March.
    17. Benjamin Bridges JR, 1984. "Post-Fisc Distributions of Income: Comment," Public Finance Review, , vol. 12(2), pages 231-240, April.
    18. Fabio Cerina & Alessio Moro & Michelle Rendall, 2021. "The Role Of Gender In Employment Polarization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(4), pages 1655-1691, November.
    19. Matthew D. Atkinson, 2003. "A Computational Routine for Disaggregating Industry Margin Data to Estimate Product Margin Rates," BEA Papers 0030, Bureau of Economic Analysis.
    20. Paul Schreyer & W. Erwin Diewert, 2014. "Household Production, Leisure, and Living Standards," NBER Chapters, in: Measuring Economic Sustainability and Progress, pages 89-114, National Bureau of Economic Research, Inc.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-59144-8_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.