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The analysis of policy poverty line for elderly and working-age households

Kim, Tae Il 1 Lee youngbin 1

1고려대학교

Accredited

ABSTRACT

In this study, we identified the different consumption needs of the elderly and the working-age households. Then, we estimated the appropriate policy poverty lines for elderly and working-age households using 2016 Household Trends Data. The main results are as follows. The consumption expenditure of old households is lower than that of working-age households after controlling for income and household size. This is a consistent trend regardless of income level; Income levels that are out of the difficulty of subsistence for older households range from 430,000 won to 520,000 won according to the estimation methods.; Income levels that are out of the difficulty of living for working-age households range from 850,000 won to 1.02 million won; The appropriate policy poverty line for elderly households is considerably lower than the '50% of median income' criterion when considering their consumption needs.

Citation status

* References for papers published after 2022 are currently being built.

This paper was written with support from the National Research Foundation of Korea.