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The Poverty of Impoverishment Theory

The Economic Well-Being of the Elderly, 1890–1950

Bibliographic Data

ID10102899
AuthorsBrian Gratton (Arizona State University, corresponding author)
Year1996
Volume56
Issue1
Pages39-61
Publication date1996-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700016016
OpenAlexW2073255136
LanguageEN
Citations received27
References cited39

Progressive Ear and New Deal reformers claimed that industrialization impoverished the elderly by degrading older workers. This has become the standard interpretation in popular and scholarly accounts. Data from 1890 through 1950 show that real wages of older workers rose sharply during this peroid and that family economic strategies promised the elderly considerable security. Birth cohort analysis indicates positive age-earnings profiles across the life cycle. Although the elderly benefited from economic growth, security in old age often demanded intrafamilial exchanges. Tensions arising from these transfers may explain the broad popular support Social Security received

Demographic economics · Development economics · Earnings · Economic growth · Economics · Industrialisation · Market economy · Poverty · Social security · Employment and Welfare Studies · Finance · Global Health Care Issues · Retirement, Disability, and Employment

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Unique citing works27
Citations per year0,93
Citation span1997 - 2021 (25)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 27

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