1 option
Family Support in Hard Times: Dynamics of Intergenerational Exchange after Adverse Events / Jessamyn Schaller, Chase S. Eck.
- Format:
- Book
- Author/Creator:
- Schaller, Jessamyn.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w28295.
- NBER working paper series no. w28295
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2020.
- Summary:
- We use an event-study approach to examine changes in intergenerational financial transfers and informal care within families following wealth loss, job exit, widowhood, and health shocks. We find sharp reductions in parental giving to adult children following negative shocks to parents' wealth and earned income, particularly in low-wealth households. Parental giving also decreases with some health shocks and increases following spousal death. Meanwhile, children of low-wealth households increase financial transfers to their parents following adverse shocks and children in both high- and low-wealth households increase their provision of informal care to parents following a wide range of adverse shocks.
- Notes:
- Print version record
- December 2020.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.