Housing wealth, income and financial wealth of older people in Britain
Bibliographic Data
| ID | 11199247 |
|---|---|
| Authors | Ruth Hancock (King's College London, corresponding author) |
| Year | 1998 |
| Volume | 18 |
| Issue | 1 |
| Pages | 5-33 |
| Publication date | 1998-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Ageing and Society (JOURNAL) |
| Journal identifiers | ISSN: 0144-686X • E-ISSN: 1469-1779 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0144686x97006685 |
| OpenAlex | W2160411843 |
| Language | EN |
| Citations received | 13 |
This paper explores the housing wealth of older people in Britain in relation to their incomes and financial wealth. Family Expenditure Survey data for 1992/3 to 1993/4 are used to assess the extent to which housing wealth could alleviate income poverty in old age. A range of poverty and housing wealth thresholds are used. Although housing wealth increases with both income and financial wealth, the analysis suggests that there are non-negligible proportions of low income older people who could generate small supplements to their incomes by converting the wealth tied up in their homes into an income stream, but in few cases would this be sufficient to pay for long-term residential care for any length of time
Debt · Demographic economics · Economic growth · Economics · Labour economics · National wealth · Poverty · Wealth effect · Finance · Housing, Finance, and Neoliberalism · Migration, Aging, and Tourism Studies
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Where Is the Middle Class? Evidence from 60 Million English Death and Probate Records, 1892-1992
| Citations per year | 0.5 |
|---|---|
| Citation span | 2000 - 2023 (24) |
| Highly cited | No |