Race/ethnicity and socioeconomic class as correlates of disability in old age.

This article presents the results of a study on the correlates of disability in old age. We found that at the descriptive level and in the regression model that includes only demographic variables as controls, the odds of Black and Hispanic elderly persons being disabled were greater. However, when socioeconomic factors and demographic factors were taken into account, the racial/ethnic disadvantage disappears. In the model that dealt with disability based on the composite indexes of disability (that is, all types of disability combined) and in the model that dealt with disability based on functional limitations, we found that the odds of Black and Hispanic elderly persons being disabled were smaller than the odds of White elderly persons being disabled. We conclude that socioeconomic factors--not race/ethnicity--correlate with disability in old age. Implications for policy are discussed.

Race/Ethnicity and Socioeconomic Class as Correlates of Disability in Old Age.

This article presents the results of a study on the correlates of disability in old age. We found that at the descriptive level and in the regression model that includes only demographic variables as controls, the odds of Black and Hispanic elderly persons being disabled were greater. However, when socioeconomic factors and demographic factors were taken into account, the racial/ethnic disadvantage disappears. In the model that dealt with disability based on the composite indexes of disability (that is, all types of disability combined) and in the model that dealt with disability based on functional limitations, we found that the odds of Black and Hispanic elderly persons being disabled were smaller than the odds of White elderly persons being disabled. We conclude that socioeconomic factors—not race/ethnicity—correlate with disability in old age. Implications for policy are discussed.

The effect of disability on the net worth of elderly people.

As demographic shifts make the Social Security program financially vulnerable, the responsibility for income security in old age will shift from the government to elderly people. In this changing environment, the accumulation of wealth will be a crucial issue because wealth holders can draw income from assets, which can supplement retirement income. Thus, wealth (or net worth) is a proximate indicator of economic well-being of the elderly. This article presents the findings of a study of the net worth of elderly people with disabilities. The major findings were that a smaller proportion of elderly people with disabilities has assets of any type compared with elderly people with no disability; the dollar value of each type of asset is smaller among elderly people with disabilities than among elderly people with no disability; and the net worth of people with disabilities is smaller than that of elderly people with no disability even after other variables were controlled.

Postretirement earnings relative to preretirement earnings: gender and racial differences.

As the social security program comes under increasing financial pressure in the coming decades, the federal government will encourage elderly people to continue to work. Data from the Social Security Administration indicate that earnings are already a sizable component of retirement income. But there is public concern about how women and minorities will fare economically in this changing policy environment. To what extent can women and minorities keep earning money after they reach retirement age? This article presents the results of a study that investigated the postretirement earnings, relative to the preretirement earnings, of women and minorities, and compared the results with those for men and whites. The major finding, based on regression analyses, was that women's postretirement earnings, relative to their preretirement earnings, were greater than those of men. Furthermore, the regression results indicate that nonwhites' postretirement earnings could not be predicted by their preretirement earnings or by any of the independent variables used in the study, including age, gender, education, marital status, number of children, occupation, and preretirement earnings.

Long-term care insurance in Japan.

Among all the industrialized countries, Japan has the fastest rate of population aging and the highest life expectancy at birth. It is projected that the proportion of elderly people will reach 35.7% in 2050. In this demographic environment, Japan launched a social insurance program for long-term care for the elderly in 2000. What were the forces that led Japan to establish a long-term care program for elderly people? What are the provisions for financing, benefits, and service delivery? What aspects of policymaking in developing such a program are unique to Japan?.

Men who work at age 70 or older.

The federal policy on older workers has shifted from the encouragement of early withdrawal from the labor force to the encouragement of continuous participation in the labor force. In this light, it is instructive to investigate the backgrounds of elderly people who work at age 70 or older. This article presents the findings of a study, using data from the 1993 Asset and Health Dynamics of the Oldest Old Study, that investigated the effects of health, economic conditions (net worth, employer-provided pensions, and supplemental medical insurance coverage), education, and spouse's work status on the probability of working among men aged 70 or older. The study addressed the probability of working, the probability of working fulltime and of working part-time, and the probability of being self-employed and of being employed by others. Implications for policy are discussed.

"Leavers" from TANF and AFDC: how do they fare economically?

Temporary Assistance for Needy Families (TANF), a part of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996, changed the philosophical ground and rules and regulations that apply to low-income families with children who seek federal income support. TANF recipients have less flexibility in charting their life courses than AFDC recipients had. This article presents the findings of a study that investigated how TANF leavers, in comparison with AFDC leavers, fared economically after they left the cash assistance rolls. The major finding is that the income status of AFDC leavers increased considerably, but that of TANF leavers declined. The authors argue that TANF leavers fared less well economically because their decisions about whether to work, to engage in work-related activities, and to leave cash assistance rolls were under stricter control. The data sources for this study were the 1993 and 1996 Survey of Income and Program Participation.

Social Security and SSI as safety nets for the elderly poor.

Partial privatization of Social Security is being considered as an integral part of the future Social Security program for American retirees. Because privatization creates uncertainty about the amount of retirement income that future retirees may expect to receive, the issue of a safety net is critical. This article presents the findings from an empirical study that investigated the degree to which the current Social Security and Supplemental Security Income (SSI) programs provide a safety net, separately and in combination, to the elderly poor. The major findings were that the Social Security program not only increases the income statuses of both posttransfer and pretransfer poor elderly people considerably, but that the program also significantly equalizes the distribution of income among them. In addition, the SSI program supplements the Social Security program in establishing an even greater safety net, especially for posttransfer poor elderly people. On the other hand, Social Security benefits make the income disparity among races greater between both posttransfer and pretransfer poor elderly people. Implications for policy are discussed.