Income Transitions at Older Stages of Life: The Dynamics of Poverty

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Abstract
Examined is the risk of poverty among a sample of elderly couples and widows interviewed over a 10-year period. Cross-sectional data only tell us whether a household is poor in any particular year. When individual movements into and out of poverty over a period of time are identified, the risk of becoming poor at some time during that period is more than double the highest annual risk among couples, and is raised by almost 30% for widows. Both couples and widows move into and out of poverty, indicating that our stereotype of the static nature of poverty among the elderly must be altered.

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