Welfare Indicators of Income Experience during Old Age*

Zaidi, Asghar; Rake, Katherine; Falkingham, Jane; Gustafsson, Björn

doi:10.4324/9781315250076-7

Cited by 2 publications

(2 citation statements)

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“…Although some research has supported a permanent-income hypothesis, using the average of income over years, recent studies emphasize the importance of investigating changes in household income related to either factors for the changes or consequences of the changes (Johnson-Lawrence et al, 2015). The study of heterogeneous income mobility also emphasizes the importance of stability and change in directions, which might represent meaningful changes in life (Kim & Durden, 2007; Zaidi et al, 2001).…”

Section: Heterogeneous Trajectories Of Income In Late Middle-agementioning

confidence: 99%

Early-Life Socioeconomic Disadvantage and Health in Late Middle-Age: Importance of Heterogeneous Income Trajectories

2022

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This paper aims to investigate heterogeneous income changes and whether the income trajectories moderate effects of early socioeconomic disadvantage on health in late middle age. The sample was restricted to 9,056 middle-aged adults from the Health and Retirement Study (1998-2010). Through a latent class growth analysis, six patterns of income changes were identified: constantly low, constantly moderate, constantly high & increasing, high to low, moderate to high, and high to moderate. The Constantly low group more frequently displayed depressive symptoms if exposed to early socioeconomic disadvantage and Constantly low income mobility. Individuals who experienced early socioeconomic disadvantage and a downward income mobility in middle age tended to have multiple chronic conditions while there was no moderating effect of income changes for mobility functional limitations. These findings suggest that not all health outcomes are programmed in early life: Disadvantage can be somewhat alleviated through stable and better later-life economic status

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Section: Heterogeneous Trajectories Of Income In Late Middle-agementioning

confidence: 99%

Early-Life Socioeconomic Disadvantage and Health in Late Middle-Age: Importance of Heterogeneous Income Trajectories

2022

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“…Income mobility in old age is complex and thus demands a different interpretation to income mobility in the early or midlife cycle. Older people prefer income stability (Zaidi et al ., ). Moreover, as this population experiences difficulties in finding a job in the labor market and borrowing money in the capital market, they cannot cope with income fluctuation.…”

Section: Introductionmentioning

confidence: 97%

Income mobility of elderly households in Korea

Nam

2015

Int J Consumer Studies

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According to the life-cycle hypothesis, income is likely to decline in old age and individuals must consume out of previously accumulated savings. In this study, a secondary analysis of South Korean Retirement and Income Study data for the period 2005-2011 is carried out to investigate the income mobility of older households (i.e., those over 50 years of age) in South Korea. In particular, it was observed how income and consumption patterns change according to income mobility and identify those factors influencing income mobility by means of multinomial logistic regression. The changes in income pattern presented show that the unchanged and upwardly mobile groups substantially rely on income from work. Moreover, the changes in consumption pattern show that the proportion of food increased in 2011 for the unchanged and downward groups. Other items that significantly increased in proportion between 2005 and 2011 in the unchanged and downward groups were clothing, transportation/communication, health and medical expenses, and durable goods, while culture, education, and other consumption expenditure decreased. Finally, it was found that that the factors influencing income mobility include age, gender, and having one's own house.

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Welfare Indicators of Income Experience during Old Age*

Cited by 2 publications

References 0 publications

Early-Life Socioeconomic Disadvantage and Health in Late Middle-Age: Importance of Heterogeneous Income Trajectories

Early-Life Socioeconomic Disadvantage and Health in Late Middle-Age: Importance of Heterogeneous Income Trajectories

Income mobility of elderly households in Korea

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