In or out? Poverty dynamics among older individuals in the UK

Research output: Contribution to journalArticle

Abstract

Using the largest household panel survey Understanding Society, this paper investigates low-income dynamics among pensioner households in the UK controlling for biases due to initial conditions and non-random survey attrition. Estimation results indicate there is a correlation between initial and conditional poverty status, specifically, there is regression towards the mean. The results find no evidence of a correlation between initial poverty status, conditional poverty status and survey attrition. The findings show the importance of benefit income in determining poverty status, suggesting that a dichotomous measure such as poverty status may not suitably reflect actual pensioner living standards. Aside from benefit income, receipt of employer and occupational pension, health, education and subjective financial situation are important in determining initial and conditional poverty status. Stylised examples highlight the significant differences in the ‘poverty experience’ which arise due to differences individual and household characteristics.
Original languageEnglish
Pages (from-to)509-553
Number of pages45
JournalJournal of Pension Economics and Finance
Volume16
Issue number4
Early online date27 Oct 2016
DOIs
Publication statusPublished - 31 Oct 2017

Cite this

In or out? Poverty dynamics among older individuals in the UK. / Kanabar, Ricky.

In: Journal of Pension Economics and Finance, Vol. 16, No. 4, 31.10.2017, p. 509-553.

Research output: Contribution to journalArticle

@article{5360f7696360451e8ef8c0ce338b974f,
title = "In or out? Poverty dynamics among older individuals in the UK",
abstract = "Using the largest household panel survey Understanding Society, this paper investigates low-income dynamics among pensioner households in the UK controlling for biases due to initial conditions and non-random survey attrition. Estimation results indicate there is a correlation between initial and conditional poverty status, specifically, there is regression towards the mean. The results find no evidence of a correlation between initial poverty status, conditional poverty status and survey attrition. The findings show the importance of benefit income in determining poverty status, suggesting that a dichotomous measure such as poverty status may not suitably reflect actual pensioner living standards. Aside from benefit income, receipt of employer and occupational pension, health, education and subjective financial situation are important in determining initial and conditional poverty status. Stylised examples highlight the significant differences in the ‘poverty experience’ which arise due to differences individual and household characteristics.",
author = "Ricky Kanabar",
year = "2017",
month = "10",
day = "31",
doi = "10.1017/S1474747216000135",
language = "English",
volume = "16",
pages = "509--553",
journal = "Journal of Pension Economics and Finance",
issn = "1474-7472",
publisher = "Cambridge University Press",
number = "4",

}

TY - JOUR

T1 - In or out? Poverty dynamics among older individuals in the UK

AU - Kanabar, Ricky

PY - 2017/10/31

Y1 - 2017/10/31

N2 - Using the largest household panel survey Understanding Society, this paper investigates low-income dynamics among pensioner households in the UK controlling for biases due to initial conditions and non-random survey attrition. Estimation results indicate there is a correlation between initial and conditional poverty status, specifically, there is regression towards the mean. The results find no evidence of a correlation between initial poverty status, conditional poverty status and survey attrition. The findings show the importance of benefit income in determining poverty status, suggesting that a dichotomous measure such as poverty status may not suitably reflect actual pensioner living standards. Aside from benefit income, receipt of employer and occupational pension, health, education and subjective financial situation are important in determining initial and conditional poverty status. Stylised examples highlight the significant differences in the ‘poverty experience’ which arise due to differences individual and household characteristics.

AB - Using the largest household panel survey Understanding Society, this paper investigates low-income dynamics among pensioner households in the UK controlling for biases due to initial conditions and non-random survey attrition. Estimation results indicate there is a correlation between initial and conditional poverty status, specifically, there is regression towards the mean. The results find no evidence of a correlation between initial poverty status, conditional poverty status and survey attrition. The findings show the importance of benefit income in determining poverty status, suggesting that a dichotomous measure such as poverty status may not suitably reflect actual pensioner living standards. Aside from benefit income, receipt of employer and occupational pension, health, education and subjective financial situation are important in determining initial and conditional poverty status. Stylised examples highlight the significant differences in the ‘poverty experience’ which arise due to differences individual and household characteristics.

U2 - 10.1017/S1474747216000135

DO - 10.1017/S1474747216000135

M3 - Article

VL - 16

SP - 509

EP - 553

JO - Journal of Pension Economics and Finance

JF - Journal of Pension Economics and Finance

SN - 1474-7472

IS - 4

ER -