The poverty of impoverishment theory: The economic well-being of the elderly, 1890-1950

• 成果类型: Article
• 署名作者: Gratton, B
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050700016016
• 发表日期: 1996
• 页码: 39-61
• 关键词: older men; LABOR; FAMILY

摘要

Progressive Era and New Deal reformers claimed that industrialization impoverished the elderly by degrading older workers. This has become the standard interpretation in popular and scholarly accounts. Data from 1890 through 1950 show that real wages of older workers rose sharply during this period and that family economic strategies promised the elderly considerable security. Birth cohort analysis indicates positive age-earnings profiles across the life cycle. Although the elderly benefited from economic growth, security in old age often demanded intrafamilial exchanges. Tensions arising from these transfers may explain the broad popular support Social Security received.