Is the Age Gradient in Self-Reported Material Hardship Explained By Resources, Needs, Behaviors, or Reporting Bias?

Siminski, P; Yerokhin, O

Is the Age Gradient in Self-Reported Material Hardship Explained By Resources, Needs, Behaviors, or Reporting Bias?

Siminski, P

Yerokhin, O

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Publication Type:: Journal Article
Citation:: Review of Income and Wealth, 2012, 58 (4), pp. 715 - 741
Issue Date:: 2012-12-01

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Field	Value	Language
dc.contributor.author	Siminski, P https://orcid.org/0000-0002-3099-8049	en_US
dc.contributor.author	Yerokhin, O	en_US
dc.date.issued	2012-12-01	en_US
dc.identifier.citation	Review of Income and Wealth, 2012, 58 (4), pp. 715 - 741	en_US
dc.identifier.issn	0034-6586	en_US
dc.identifier.uri	http://hdl.handle.net/10453/114806
dc.description.abstract	Older people report much less hardship than younger people in a range of contexts, despite lower incomes. Hardship indicators are increasingly influential, so the source of this age gradient has considerable policy implications. We propose a theoretical and empirical strategy to decompose the sources of this relationship. We exploit a unique feature of the Household, Income and Labour Dynamics Australia (HILDA) survey, which collects reports of hardship from all adult household members. This facilitates within-couple estimates, allowing us to identify age-related reporting bias. The majority of the raw age-hardship gradient is explained by observed resources, particularly wealth and home ownership. One third of the relationship is explained by unobserved differences between households, which we interpret as age-related behavioral choices. Reporting error does not appear to contribute to the age gradient. © 2011 The Authors. Review of Income and Wealth © 2011 International Association for Research in Income and Wealth.	en_US
dc.relation.ispartof	Review of Income and Wealth	en_US
dc.relation.isbasedon	10.1111/j.1475-4991.2011.00470.x	en_US
dc.subject.classification	Economics	en_US
dc.title	Is the Age Gradient in Self-Reported Material Hardship Explained By Resources, Needs, Behaviors, or Reporting Bias?	en_US
dc.type	Journal Article
utslib.citation.volume	4	en_US
utslib.citation.volume	58	en_US
utslib.for	1401 Economic Theory	en_US
utslib.for	1402 Applied Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.issue	4	en_US
pubs.publication-status	Published	en_US
pubs.volume	58	en_US

Abstract:

Older people report much less hardship than younger people in a range of contexts, despite lower incomes. Hardship indicators are increasingly influential, so the source of this age gradient has considerable policy implications. We propose a theoretical and empirical strategy to decompose the sources of this relationship. We exploit a unique feature of the Household, Income and Labour Dynamics Australia (HILDA) survey, which collects reports of hardship from all adult household members. This facilitates within-couple estimates, allowing us to identify age-related reporting bias. The majority of the raw age-hardship gradient is explained by observed resources, particularly wealth and home ownership. One third of the relationship is explained by unobserved differences between households, which we interpret as age-related behavioral choices. Reporting error does not appear to contribute to the age gradient. © 2011 The Authors. Review of Income and Wealth © 2011 International Association for Research in Income and Wealth.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/114806