DP4776 | Intra-Household Allocation and the Living Standards of the Elderly in Greece

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This Paper attempts to expand the literature of intra-household allocation by looking at how resources are allocated between the elderly and their grown-up children with whom they live. It uses data over the 1970s, 1980s and 1990s from the Greek Household Budget Survey to test the hypothesis that relative incomes within the household have no bearing on shares of total household resources. This restriction is rejected suggesting that poverty rates of the elderly are higher than those obtained from looking at the distribution of household incomes.