Marriage and economic well being at older ages

Zissimopoulos, Julie; Karney, Benjamin R.; Rauer, Amy

doi:10.1007/s11150-013-9205-x

Cited by 58 publications

(56 citation statements)

References 27 publications

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“…The relevance of gender within the literature on household decisions is well established for a variety of economic and noneconomic issues, ranging from political choices (Edlund and Pande, 2002) and preferences toward the size of government (Lott and Kenny, 1999) to wealth accumulation and saving behavior (Zissimopoulos et al, 2013). Examples within the literature on financial decisions and risk preferences are Jianakoplos and Bernasek (1998), Sundén and Surette (1998), Barber and Odean (2001), Lusardi and Mitchell (2008), Croson and Gneezy (2009), Dohmen et al (2011), and Halko et al (2012.…”

Section: Related Literaturementioning

confidence: 99%

Who holds the purse strings within the household? The determinants of intra-family decision making

Bertocchi

Brunetti

Torricelli

2014

Journal of Economic Behavior & Organization

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a b s t r a c tWe study the determinants of intra-household decision-making responsibility over economic and financial choices using a direct measure provided in the 1989-2010 Bank of Italy Survey of Household Income and Wealth. We find that the probability that the wife is responsible for decisions increases as the wife's characteristics in terms of age, education and income become closer or even higher than those of her husband's. Thus, consistently with a bargaining approach, decision-making responsibility is associated with marriage heterogamy, and not only along strictly economic dimensions. However, in support of an alternative household production approach, we also find that the probability that the wife is responsible is lower when she is employed, which suggests the presence of a specialization pattern assigning responsibility to the spouse with more available time. Our results are robust to additional controls and alternative samples.

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Section: Related Literaturementioning

confidence: 99%

Who holds the purse strings within the household? The determinants of intra-family decision making

Bertocchi

Brunetti

Torricelli

2014

Journal of Economic Behavior & Organization

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“…There may also be fewer transfers in large sibships, because several studies suggest that the number of children itself is associated with wealth for parents, where up to three children are positively but more than three children are mostly negatively associated with parental wealth (Vespa and Painter 2011;Zissimopoulos et al 2015).…”

Section: Sibship Size and Wealth Attainment: A Resource Dilution Persmentioning

confidence: 99%

Fewer Siblings, more Wealth? Sibship Size and Wealth Attainment

Lersch¹

2018

Preprint

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This study examines the association between sibship size and wealth in adulthood. The study draws on resource dilution theory and additionally discusses potentially wealth-enhancing consequences of having siblings. Data from the German Socio-Economic Panel Study (SOEP, N=3,502 individuals) are used to estimate multilevel regression models adjusted for parental wealth and other important confounders neglected in extant work. The main results of the current study show that additional siblings reduce wealth by about 27 to 39 percent. Parental wealth moderates the association so that sibship size is more negatively associated with filial wealth when parents are wealthier. Birth order position does not moderate the association between sibship size and wealth. The findings suggest that fertility in the family of origin has a systematic impact on wealth attainment and may contribute to population-level wealth inequalities independently from other socio-economic characteristics in families of origin such as parental wealth.

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“…Changes in marital status can be economically important because, as previous researchers have found, marital status has important implications for tax revenue (Alm, Sebastian Leguizamon, Leguizamon 2014;Isaac 2019), retirement finances (Zissimopoulos, Karney, and Rauer 2015), health and access to health care (Carpenter et al 2018;Friedberg, Guo, and Lin 2018), and children's well-being (Lyle 2006;Finlay and Neumark 2010). Previous quasi-experimental studies, however, find weak evidence, at best, that individuals respond to family structure incentives contained in the U.S. tax and welfare systems, but the most convincing studies find that there are generally small effects of the marriage tax penalty/subsidy on the probability of marrying, and little to no effect on the probability of divorcing.…”

Section: Introductionmentioning

confidence: 99%

Marriage, Divorce, and Social Safety Net Policy

Isaac

2020

Southern Economic Journal

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I study the effects of the Earned Income Tax Credit (EITC) and welfare reforms of the 1990s on flows into and out of marriage. I use test scores to predict who is most likely to be affected by the policy changes, and employ a flexible functional form to estimate heterogeneous effects. I find that lower‐earning married women are more likely to divorce as the EITC expands, but I find no effect of EITC generosity on marriage. I find little effect of welfare generosity on marriage or divorce flows for any group. My results suggest that there are nonsymmetric responses to policy on flows into and out of marriages.

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Marriage and economic well being at older ages

Cited by 58 publications

References 27 publications

Who holds the purse strings within the household? The determinants of intra-family decision making

Who holds the purse strings within the household? The determinants of intra-family decision making

Fewer Siblings, more Wealth? Sibship Size and Wealth Attainment

Marriage, Divorce, and Social Safety Net Policy

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