Expenditures of Older Americans

Hardcover | November 1, 1997

byRose M. Rubin, Michael L. Nieswiadomy

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Aging in America imposes dramatic personal, social, and economic changes. Retirees have substantial power to affect both business and public policy decision making. This book analyzes the expenditure patterns of older households to characterize their comparative lifestyles and quality of life. Expenditure patterns of various elderly households are examined over time and compared with the non-elderly. Particular emphasis is placed on analysis of necessity and health care expenditures. The authors empirically test the dominant theories of consumer life-cycle behavior. They conclude that these theories do not provide a consistent explanation for the expenditures of heterogeneous age and income groups and that alternate theories--the precautionary theory of elderly savings or the theory of positional goods--have credence.

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Aging in America imposes dramatic personal, social, and economic changes. Retirees have substantial power to affect both business and public policy decision making. This book analyzes the expenditure patterns of older households to characterize their comparative lifestyles and quality of life. Expenditure patterns of various elderly ho...

Format:HardcoverDimensions:176 pages, 9.6 × 6.35 × 0.76 inPublished:November 1, 1997Publisher:Praeger Publishers

The following ISBNs are associated with this title:

ISBN - 10:0275958744

ISBN - 13:9780275958749

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?This book supplements the existing literature and will be most useful to students or practitioners of market demographics, economics, and public policy. Expenditures of Older Americans contributes to the knowledge in two important ways. First, the book gives us a clearer profile of older Americans by defining distinct segments of this group and by identifying and describing their unique characteristics and expenditure patterns. Second, the book highlights the past and anticipated future changes in demographics, which heighten the importance of research about this group....This book furthers our understanding of the current economic position of older Americans and the effects of these factors on their spending patterns.?-Contemporary Gerontology