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The Economic Consequences of Widowhood

dc.contributor.authorWeir, David R.
dc.contributor.authorWillis, Robert J.
dc.contributor.authorSevak, Purvi
dc.date.accessioned2007-04-26T14:30:52Z
dc.date.available2007-04-26T14:30:52Z
dc.date.issued2002-04
dc.identifier.urihttps://hdl.handle.net/2027.42/50597
dc.description.abstractWe analyzed the economic consequences of a husband’s death using events that occurred between the first two waves of the HRS and AHEAD studies. We compared poverty transitions against published results from Social Security’s Retirement History Survey of the 1970s. Widowhood remains an important risk factor for transition into poverty, although somewhat less so than twenty years ago. Women over age 65 (AHEAD) are less likely to experience severe economic changes than women under age 61 (HRS). Several factors account for the age differences: the declining importance of husband’s earnings with age, the rising importance of Social Security benefits, and the occasionally large out-of-pocket medical expenses associated with husband’s death before Medicare eligibility. The greater economic impact of widowhood at younger ages is consistent with our cross-section evidence that poverty rates rise with duration of widowhood but are only weakly associated with age.en
dc.description.sponsorshipSocial Security Administrationen
dc.format.extent421058 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_USen
dc.publisherMichigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104en
dc.relation.ispartofseriesWP 2002-023en
dc.titleThe Economic Consequences of Widowhooden
dc.typeWorking Paperen
dc.subject.hlbsecondlevelPopulation and Demography
dc.subject.hlbtoplevelSocial Sciences
dc.contributor.affiliationumMRRCen
dc.contributor.affiliationumcampusAnn Arboren
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/50597/1/wp023.pdfen_US
dc.owningcollnameRetirement and Disability Research Center, Michigan (MRDRC)


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