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Title:Disability costs and equivalence scales in the older population PDF Logo
Authors:Morciano, Marcello
Hancock, Ruth
Pudney, Stephen
Issue Date:2012
Series/Report no.:ISER Working Paper Series 2012-09
Abstract:We estimate the implicit disability costs faced by older people, using data on over 8,000 individuals from the UK Family Resources Survey. We extend previous research by using a more flexible statistical modelling approach and by allowing for measurement error in observed disability and standard of living indicators. We find that disability costs are strongly related to the severity of disability and to income and - at an average level of almost £100 per week among over-65s with significant disability - they typically far exceed the value of any state disability benefits received.
Subjects:costs of disability
disability indexes
standard of living
equivalence scale
structural equation modelling
JEL:C81
D1
I1
Document Type:Working Paper
Appears in Collections:ISER Working Paper Series, Institute for Social and Economic Research (ISER), University of Essex

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