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Inequality of Wealth for Never Married Women in Canada, Germany, Sweden, and the United States

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  • Linda Steinsultz

Abstract

The impact of aging has become a global concern due to the increasing number of older people in many industrialized countries. Today there are more older women than any other time in history. Living longer may become a burden rather than a blessing if lived out in poverty. This study investigated the relationship between individual characteristic of never married older women and wealth. The survey data was collected by the Luxembourg Income Study (LIS) for this quantitative investigation. Three age cohorts (young 50-59, middle, 60-69, and old 70+) were examined with marital status, country (Canada, Germany, Sweden, and United States), and level of education in a sample of 5885 women. The findings of the study indicated that education, age and marital status were significant predictors of wealth in the US, Canada, and Sweden, although marital status was reversed for Sweden. While education and age were significant predictors of wealth for women in Canada, marital status was not a significant predictor. The results comparing education and age of never married women to married women were significantly correlated to wealth. Comparability is a source of controversy in social sciences and creates limitations for doing comparison of concepts on income distribution statistics.

Suggested Citation

  • Linda Steinsultz, 2006. "Inequality of Wealth for Never Married Women in Canada, Germany, Sweden, and the United States," LIS Working papers 437, LIS Cross-National Data Center in Luxembourg.
    • Handle: RePEc:lis:liswps:437
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    1. David Card & Richard B. Freeman, 1993. "Introduction to "Small Differences That Matter: Labor Markets and Income Maintenance in Canada and the United States"," NBER Chapters, in: Small Differences That Matter: Labor Markets and Income Maintenance in Canada and the United States, pages 1-20, National Bureau of Economic Research, Inc.
    2. James Williamson & Timothy Smeeding, 2004. "Sliding into Poverty? Cross-National Patterns of Income Source Change and Income Decay in Old Age," LIS Working papers 388, LIS Cross-National Data Center in Luxembourg.
    3. David Card & Richard B. Freeman, 1993. "Small Differences That Matter: Labor Markets and Income Maintenance in Canada and the United States," NBER Books, National Bureau of Economic Research, Inc, number card93-1.
    4. Michael F rster & Timothy Smeeding & David Jesuit, 2002. "Regional Poverty and Income Inequality in Central and Eastern Europe: Evidence from the Luxembourg Income Study," LIS Working papers 324, LIS Cross-National Data Center in Luxembourg.
    5. Janet Gornick, 1999. "Gender Equality in the Labor Market: Women's Employment and Earnings," LIS Working papers 206, LIS Cross-National Data Center in Luxembourg.
    6. Card, David & Freeman, Richard B. (ed.), 1993. "Small Differences That Matter," National Bureau of Economic Research Books, University of Chicago Press, number 9780226092836, Febrero.
    7. Susanna Sandstr m & Timothy Smeeding, 2005. "Poverty and Income Maintenance in Old Age: A Cross-National View of Low Income Older Women," LIS Working papers 398, LIS Cross-National Data Center in Luxembourg.
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