Competing Demands from Aging Parents and Adult Children in Two Cohorts of American Women
- PMID: 26594071
- PMCID: PMC4649941
- DOI: 10.1111/j.1728-4457.2015.00029.x
Competing Demands from Aging Parents and Adult Children in Two Cohorts of American Women
Abstract
In late middle age, individuals may face competing demands on their time and financial resources from elderly parents and young adult children. This study uses the Panel Study of Income Dynamics to examine changes over time in the probability of having children and living parents for women age 45 to 64. We compare two cohorts: those born in the 1920s and 1930s and those born in the 1940s and 1950s. We find that there has been a dramatic increase in the probability of having children and living parents and that this increase has been driven mainly by changes in life expectancy of the parent generation. We further examine transfers of money and co-residence for women in the later cohort. We find that while women may not give to parents and children concurrently, approximately thirty percent of them have provided support to both parents and children at some point in the past.
References
-
- Altonji Joseph G, Hayashi Fumio, Kotlikoff Laurence. The Effects of Income and Wealth on Time and Money Transfers between Parents and Children. In: Mason Andrew, Tapinos George., editors. Sharing the Wealth. Oxford: Oxford University Press; 2000. pp. 306–357.
-
- Arrondal Luc, Mason Andre. Family Transfers Involving Three Generations. Scandinavian Journal of Economics. 2001;103(3):415–443.
-
- Attanasio Orazio. Cohort Analysis of Saving Behavior by U.S. Households. Journal of Human Resources. 1998;33(3):575–609.
-
- Bengtson Vern L. Beyond the Nuclear Family: The Increasing Importance of Multigenerational Bonds. Journal of Marriage and Family. 2001;63(1):1–16.
Grants and funding
LinkOut - more resources
Full Text Sources
Other Literature Sources
Miscellaneous