Comparison of economic status of elderly households: nonmetropolitan versus metropolitan residence
1998
Miller, C.J. | Montalto, C.P.
Elderly households in nonmetropolitan areas have lower economic status than do their metropolitan counterparts, as determined by several measures: Income, expenditures, and financial assets. Data from the 1990-94 Consumer Expenditure Survey indicate nonmetropolitan elderly households have 80 to 83 percent as much income and 79 to 82 percent as much expenditures as metropolitan elderly households. We find that after controlling for age, education, gender, marital status, race, home ownership, and presence of at least one earner in the household, nonmetropolitan and metropolitan differences persist, but as expected, are somewhat smaller. The multivariate models that control for demographic characteristics indicate that nonmetropolitan elderly households have 83 to 88 percent as much income and 81 to 85 percent as much expenditures as metropolitan elderly households. We discuss the public policy implications of these persistent nonmetropolitan and metropolitan differences in economic status.
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