Tag: children
Abstract Cross-sectional evidence in the United States finds that informal caregivers have less attachment to the labor force, measured both by the number of hours worked and labor force participation. The causal mechanism is unclear: do children who work less become informal caregivers, or are children who become caregivers working less? Using longitudinal data from…
The brief’s key findings are: Estimates of retirement security depend crucially on the assumption of what parents do with the money that is freed up when their children leave home. The Health and Retirement Study’s consumption survey is used to determine whether parents save it for retirement or spend it on consumption. The results show…