Tag: marital shock
Abstract People face a wide range of risks throughout their lifetime that can disrupt employment, reduce earnings, derail retirement planning, and impair economic well-being later in life. This paper measures the impact of health, employment, and marital status shocks on lifetime earnings. Using household survey data from the Survey of Income and Program Participation matched…
Abstract Past research has shown that income from the Social Security program has contributed to trends towards smaller households, greater residential independence—the tendency to live alone rather than with others—and a greater prevalence of home ownership late in life. However, the mechanism through which these associations operate has remained relatively unstudied. This paper addresses t…