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At least 829 records · Page 46Linked to original sources
PubMed1980

Financial well-being among the aged: a further elaboration.

This study represents a further elaboration of the relative deprivation model proposed and tested by Liang and Fairchild (1979). A central assumption underlying this inquiry is that the link between economic status and perceived financial adequacy is mediated by subjective interpretations of the situation such as relative deprivation (Stouffer et al., 1948) and distributive justice (Homans, 1961). In addition, the effects of ascribed status variables such as age, sex, race, and religion on the social comparison process are assessed. Data for this investigation came from a survey of 252 older people in the Detroit area. Findings indicate that financial satisfaction is directly influenced by relative deprivation and distributive justice, while it is only indirectly affected by social status, labor force participation, and income. Race and age are the two ascribed statuses which have a significant impact on social comparison and perceived income adequacy. Implications of these results in terms of theory building and the design of income maintenance policies are also suggested.

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PubMed1998

Medicaid estate planning: practices and perceptions of Medicaid workers, elder law attorneys, and certified financial planners.

This study examined Medicaid estate planning (MEP) through the experiences and perceptions of three groups in Connecticut: Medicaid eligibility workers (n = 128), elder law attorneys (n = 41), and certified financial planners (n = 29). Respondent groups varied significantly with regard to their perceptions of prevalence and magnitude of MEP, the nature of transferred assets, mechanisms for transfers, and characteristics of the "typical" client participating in asset divestiture for the purpose of qualifying for Medicaid. This substantial lack of concordance among those professionals most closely involved with MEP poses challenges for policy and research in this area.

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PubMed1999

Medicaid eligibility workers discuss Medicaid estate planning for nursing home care.

This study was part of a multiphase project examining the perceptions of elder law attorneys, certified financial planners, and Medicaid eligibility workers regarding Medicaid estate planning (MEP) for nursing home care. Focus group methodology (5 groups, N = 32 participants) was used to explore the perspectives and experiences of Medicaid eligibility workers, who are responsible for interpreting, administering, and enforcing federal and state regulations. Findings describe factors influencing MEP, enforcement of regulations, and potential policy responses to MEP. Participants identified numerous impediments to effective implementation of current regulations. Recommendations for improved policy include redefinition of spousal assessment policies, other valuable consideration determinations, and penalty period formulas.

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PubMed2000

The balance of benefit: a review of intergenerational transfers in Australia.

PURPOSE: This article reviews the financial and nonfinancial transfers taking place intergenerationally and between older people and the community. DESIGN AND METHOD: Secondary data were used in the analysis and discussion to provide an overview of the Australian context. RESULTS: Within the public arena, governments provide major financial contributions through money transfers and the provision of residential support. Older people provide considerable community support by undertaking voluntary services. This article concludes that the balance of benefit is difficult to determine; however, in terms of public expenditure older people are major recipients. Within the family, the balance of benefit is reversed. Older people are major monetary contributors to adult children and their families in the transition to an independent status. Older people are also the principal carers of their frail-aged partners, thus reducing both the burden of care on their adult children and government institutions. IMPLICATIONS: The analysis reported here has major implications for the development of policy and structural change and for reducing negative stereotypes of dependency in old age.

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