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ECO journal (ECOnomics and industrial Engineering)

2018 year, number 3

Non-Monetary Poverty of the Elderly

P. Kuznetsova
The Russian Presidential Academy of National Economy and Public Administration
Keywords: бедность, депривация, пожилые, риски бедности, социальная исключенность, многомерный анализ, Рoverty, deprivation, elderly, poverty risks, social exclusion, multidimensional Analysis

Abstract

In this research we estimate non-monetary poverty of the elderly on the data of a representative survey of labor veterans. We consider six areas of deprivation (food, financial welfare, property, housing, health and social integration) as well deprivation in total. Despite the low level of income poverty, senior citizens often have to restrict themselves in food as well as in consumption of medicines and medical services, suffer from a lack of financial support and assistance in everyday life. The risks of nonmonetary poverty increase with the age of respondents, while having a partner, living in a household with a working person, as well as high level of education significantly reduce them significantly.