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Measuring the Well-being of the Elderly

In: Age, Work and Social Security

Author

Listed:
  • Arie Kapteyn
  • Bertrand Melenberg

Abstract

Although in most Western countries old age pension schemes have reached maturity over the past decades, it is still the case that the elderly have on average lower incomes than households with nonaged heads. Whether or not this means that their income has to increase further relative to the average income in society is partly a matter of politics and partly a matter of how one measures the material well-being of the elderly. Since in the decades to come the elderly as a percentage of the population will increase in most countries, it is of obvious importance for governments what the answer to the question will be. This chapter addresses the measurement issue rather than the political issue.

Suggested Citation

  • Arie Kapteyn & Bertrand Melenberg, 1993. "Measuring the Well-being of the Elderly," Palgrave Macmillan Books, in: A. B. Atkinson & Martin Rein (ed.), Age, Work and Social Security, chapter 7, pages 161-187, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22668-9_7
    DOI: 10.1007/978-1-349-22668-9_7
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    Cited by:

    1. Melenberg, B. & van Soest, A.H.O., 1995. "Semiparametric estimation of equivalence scales using subjective information," Discussion Paper 1995-71, Tilburg University, Center for Economic Research.

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