The Alignment of Household Preferences and Financial Decisions Leading up to Retirement

This project will link survey and administrative data to investigate how within-couple differences in preferences and decision-making abilities affect household finances. We study whether misalignment of preferences or abilities influences choices and, thus, retirement readiness.

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Parents with an Unemployed Adult Child: Labor Supply, Consumption, and Savings Effects

The risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older workers. Parents, however, may experience added risk if their children experience adverse labor market shocks. Prior research has shown that parents support their children…

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Work-Life Balance and Labor Force Attachment at Older Ages

We use data from the Health and Retirement Study to examine the role of work-life balance (WLB) as a nonmonetary determinant of retirement transitions, conditional on job attributes such as hours of work, compensation and benefits. We show that low…

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Caregiving and Work: The Relationship between Labor Market Attachment and Parental Caregiving

There has been much concern over the provision of long-term care and the stresses it imposes on the family members who provide that care. However, despite the importance of this issue, it has been difficult to assess a causal relationship…

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Liquidity Constraints, the Extended Family, and Consumption

This study examines whether the extended family influences consumption. Extending prior tests on food consumption to total consumption, little to no evidence is found in support of altruism among related households and or that fluctuations in dynastic income affects one’s…

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