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

Carlotta Montorsi () and Andrew Clark
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Carlotta Montorsi: UNITO - Università degli studi di Torino = University of Turin, LISER - Luxembourg Institute of Socio-Economic Research

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Abstract: 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.

Keywords: Retirement; Well-being; Adult children; Inter-generational transfers (search for similar items in EconPapers)
Date: 2025-04
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Working Paper: The Old Folks at Home: Parental Retirement and Adult Children'sWell-being (2025)
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