The Old Folks at Home: Parental Retirement and Adult Children’sWell-being

Pré-publication, Document de travail: We here use UK data and exploit the State Pension eligibility age to establish the causal effect of parental retirement on adult children's well-being in a Fuzzy Regression Discontinuity Design analysis. Maternal retirement increases adult children's life and income satisfaction by 0.20 standard deviations in the short run. These impacts are stronger for adult children with lower incomes, with young children of their own, and who live close to their retired parents. We emphasise the critical role of intergenerational time transfers from retired mothers in enhancing their adult children's well-being.

Auteur(s)

Carlotta Montorsi, Andrew E. Clark

Date de publication
  • 2025
Mots-clés JEL
H23 I31 J08 J26
Mots-clés
  • Retirement
  • Well-being
  • Adult children
  • Inter-generational transfers
Référence interne
  • PSE Working Papers n°2025-22
Version
  • 1