TAILIEUCHUNG - We the American...ELDERLY

The data exhibit no significant differences between WTA and WTP in either group. Thus, for these findings, endowment effect theory must be rejected. We also conclude that there is no significant difference between the young and the old. Excluding the difference of reference states, the experimental design was identical for both the seller and buyer groups. The median seller price is higher than the median buying price for each sample (Table 2). In the actual round, the coffee cup round, the median offer price for the sellers in the older population is $ and. | WE-9 e the American. Elderly Issued September 1993 . Department of Commerce Economics and Statistics Administration BUREAU OF THE CENSUS Acknowledgments This report was prepared by Arnold Goldstein and Bonnie Damon under the supervision of Cynthia M. Taeuber Chief Age and Sex Statistics Branch. Susan J. Lapham Population Division provided general direction. Janice Valdisera and Michael Levin Population Division and Paula Coupe and Dwight Johnson Public Information Office reviewed the report. Marie Pees Population Division provided computer programming support. Debra Niner Population Divison provided review assistance. Alfredo Navarro Decennial Statistical Studies Division provided statistical review. The staff of Administrative and Publications Services Division Walter C. Odom Chief performed publication planning design composition editorial review and printing planning and procurement. Cynthia G. Brooks provided publication coordination and editing. Kim Blackwell provided design and graphics services. Diane Oliff Michael coordinated printing services. e the American Elderly Introduction Diversity and growth are two terms that describe US America s elderly population. The elderly Is a commonly used label tor the population 65 years old and over. Yet we are a heterogeneous population. Our social and economic diversities are too complex to understand based on sweeping generalizations about US. Our age gender race and ethnic groups have distinctive characteristics and we have different experiences in aging. Some of US have significant financial and health problems while others of US spend our winters skiing and our summers mountain climbing. Some stay in the paid work force until death while most others have much leisure time which Is filled with volunteer work care of children or the frail elderly puttering about or in other activities that are personally satisfying. Others of us are bored or depressed. In short the elderly like other age groups are mixed In needs

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