Cumulative Advantage, Cumulative Disadvantage, and Evolving Patterns of Late-Life Inequality.

ABSTRACT:

Purpose of the study

Earlier studies have identified a pattern of cumulative advantage leading to increased within-cohort economic inequality over the life course, but there is a need to better understand how levels of inequality by age have changed in the evolving economic environment of recent decades. We utilized Survey of Income and Program Participation (SIPP) data to compare economic inequality across age groups for 2010 versus 1983-1984.

Design and methods

We examined changing age profiles of inequality using a summary measure of economic resources taking into account income, annuitized value of wealth, and household size. We adjusted for survey underreporting of some income and asset types, based on National Income Accounts and other independent estimates of national

SUBMITTER: Crystal S 

PROVIDER: S-EPMC5881660 | biostudies-literature | 2017 Oct

REPOSITORIES: biostudies-literature