IDEAS home Printed from https://ideas.repec.org/a/kap/jfamec/v36y2015i2p299-306.html
   My bibliography  Save this article

Divorce/Separation in Later-Life: A Fixed Effects Analysis of Economic Well-Being by Gender

Author

Listed:
  • Andy Sharma

Abstract

With the on-going aging of the United States’ population and an increase in the number of older men and women living in a divorced/separated state, examining the economic security of this group is a worthwhile undertaking. Utilizing the 2004 and 2010 waves of the RAND Health and Retirement Study, this study employed fixed effects (FE) regression to examine the effects of divorce/separation on total wealth for older men and women. Results suggested older divorced/separated individuals endured a significant loss in total wealth due to a martial disruption and women fared worse than men. However, older adults can take proactive steps to ease this financial setback. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Andy Sharma, 2015. "Divorce/Separation in Later-Life: A Fixed Effects Analysis of Economic Well-Being by Gender," Journal of Family and Economic Issues, Springer, vol. 36(2), pages 299-306, June.
    • Handle: RePEc:kap:jfamec:v:36:y:2015:i:2:p:299-306
    DOI: 10.1007/s10834-014-9432-1
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s10834-014-9432-1
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10834-014-9432-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Francine D. Blau & Lawrence M. Kahn, 2007. "Changes in the Labor Supply Behavior of Married Women: 1980–2000," Journal of Labor Economics, University of Chicago Press, vol. 25(3), pages 393-438.
    2. Venti Steven, 2011. "Economic Measurement in the Health and Retirement Study," Forum for Health Economics & Policy, De Gruyter, vol. 14(2), pages 1-20, April.
    3. Jere R. Behrman & Olivia S. Mitchell & Cindy K. Soo & David Bravo, 2012. "How Financial Literacy Affects Household Wealth Accumulation," American Economic Review, American Economic Association, vol. 102(3), pages 300-304, May.
    4. Lusardi, Annamaria & Mitchell, Olivia S., 2007. "Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth," Journal of Monetary Economics, Elsevier, vol. 54(1), pages 205-224, January.
    5. Douglas Hershey & Joy Jacobs-Lawson, 2012. "Bridging the Gap: Anticipated Shortfalls in Future Retirement Income," Journal of Family and Economic Issues, Springer, vol. 33(3), pages 306-314, September.
    6. Greg J. Duncan & Saul D. Hoffman, 1985. "Economic Consequences of Marital Instability," NBER Chapters, in: Horizontal Equity, Uncertainty, and Economic Well-Being, pages 427-470, National Bureau of Economic Research, Inc.
    7. Matthew McKeever & Nicholas H. Wolfinger, 2001. "Reexamining the Economic Costs of Marital Disruption for Women," Social Science Quarterly, Southwestern Social Science Association, vol. 82(1), pages 202-217, March.
    8. Christopher Tamborini & Howard Iams & Gayle Reznik, 2012. "Women’s Earnings Before and After Marital Dissolution: Evidence from Longitudinal Earnings Records Matched to Survey Data," Journal of Family and Economic Issues, Springer, vol. 33(1), pages 69-82, March.
    9. Susan L. Brown & I-Fen Lin, 2012. "The Gray Divorce Revolution: Rising Divorce Among Middle-Aged and Older Adults, 1990-2010," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 67(6), pages 731-741.
    10. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    11. Roger W Ferguson Jr, 2013. "The Road Ahead: The Graying of America and its Implications for Finance and the Economy," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 48(2), pages 108-112, April.
    12. Craig Speelman & Marilyn Clark-Murphy & Paul Gerrans, 2013. "Decision Making Clusters in Retirement Savings: Gender Differences Dominate," Journal of Family and Economic Issues, Springer, vol. 34(3), pages 329-339, September.
    13. Robert L. Clark & Melinda Sandler Morrill & Steven G. Allen, 2012. "Effectiveness of Employer-Provided Financial Information: Hiring to Retiring," American Economic Review, American Economic Association, vol. 102(3), pages 314-318, May.
    14. Saul Hoffman & Greg Duncan, 1988. "What are the economic consequences of divorce?," Demography, Springer;Population Association of America (PAA), vol. 25(4), pages 641-645, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. LoRiggio, Tessa & Morris, Todd, 2024. "The Gender Wealth Gap near Retirement in Canada," IZA Policy Papers 207, Institute of Labor Economics (IZA).
    2. Jessamyn Schaller & Chase Eck, 2019. "Adverse Life Events and Intergenerational Transfers," Upjohn Working Papers 19-309, W.E. Upjohn Institute for Employment Research.
    3. Ifra Bashir & Ishtiaq Hussain Qureshi, 2023. "A Systematic Literature Review on Personal Financial Well-Being: The Link to Key Sustainable Development Goals 2030," FIIB Business Review, , vol. 12(1), pages 31-48, March.
    4. Xie, Chengyuan & Jin, Xiaotong, 2023. "The role of digitalization, sustainable environment, natural resources and political globalization towards economic well-being in China, Japan and South Korea," Resources Policy, Elsevier, vol. 83(C).
    5. Ifra Bashir & Ishtiaq Hussain Qureshi, 2023. "Analysing Literature on Financial Well-being: A Bibliometric Approach," Paradigm, , vol. 27(2), pages 111-135, December.
    6. Bulanda, Jennifer Roebuck & Brown, J. Scott & Yamashita, Takashi, 2016. "Marital quality, marital dissolution, and mortality risk during the later life course," Social Science & Medicine, Elsevier, vol. 165(C), pages 119-127.
    7. Tracey West & Elizabeth Mitchell, 2022. "Australian women with good financial knowledge fare better in divorce," Australian Journal of Management, Australian School of Business, vol. 47(2), pages 203-224, May.
    8. Adrianne Frech & Matthew Painter & Jonathan Vespa, 2017. "Marital Biography and Mothers’ Wealth," Journal of Family and Economic Issues, Springer, vol. 38(2), pages 279-292, June.
    9. Jeffrey Dew, 2021. "Ten Years of Marriage and Cohabitation Research in the Journal of Family and Economic Issues," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 52-61, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Christopher Tamborini & Howard Iams & Gayle Reznik, 2012. "Women’s Earnings Before and After Marital Dissolution: Evidence from Longitudinal Earnings Records Matched to Survey Data," Journal of Family and Economic Issues, Springer, vol. 33(1), pages 69-82, March.
    2. Remya Tressa Jacob & Rudra Sensarma, 2022. "Does knowledge empower? A story of debt literacy and credit usage in rural consumer finance," Working papers 529, Indian Institute of Management Kozhikode.
    3. Duca, John V. & Kumar, Anil, 2014. "Financial literacy and mortgage equity withdrawals," Journal of Urban Economics, Elsevier, vol. 80(C), pages 62-75.
    4. Ziyuan Lyu & Li Wei, 2021. "Information sources and participation in the Chinese insurance market: knowledge as a mediator," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 46(1), pages 79-106, January.
    5. Conrado Cuevas & Dan Bernhardt & Mario Sanclemente, 2023. "Followers of the pied piper of pensioners," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 56(4), pages 1517-1550, November.
    6. Shen, Chung-Hua & Lin, Shih-Jie & Tang, De-Piao & Hsiao, Yu-Jen, 2016. "The relationship between financial disputes and financial literacy," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 46-65.
    7. Lin, Chaonan & Hsiao, Yu-Jen & Yeh, Cheng-Yung, 2017. "Financial literacy, financial advisors, and information sources on demand for life insurance," Pacific-Basin Finance Journal, Elsevier, vol. 43(C), pages 218-237.
    8. Emanuele Bajo & Massimiliano Barbi & Sandro Sandri, 2015. "Financial Literacy, Households' Investment Behavior, and Risk Propensity," Journal of Financial Management, Markets and Institutions, Società editrice il Mulino, issue 1, pages 157-174, June.
    9. Anna Baranowska-Rataj & Anna Matysiak, 2016. "The Causal Effects of the Number of Children on Female Employment - Do European Institutional and Gender Conditions Matter?," Journal of Labor Research, Springer, vol. 37(3), pages 343-367, September.
    10. Tracey West & Andrew Worthington, 2014. "Macroeconomic Conditions and Australian Financial Risk Attitudes, 2001–2010," Journal of Family and Economic Issues, Springer, vol. 35(2), pages 263-277, June.
    11. Francisco Gomes & Michael Haliassos & Tarun Ramadorai, 2021. "Household Finance," Journal of Economic Literature, American Economic Association, vol. 59(3), pages 919-1000, September.
    12. Jian Li & Alexis Meyer‐Cirkel, 2021. "Promoting financial literacy through a digital platform: A pilot study in Luxembourg," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 73-87, January.
    13. Gathergood, John & Weber, Jörg, 2017. "Financial literacy, present bias and alternative mortgage products," Journal of Banking & Finance, Elsevier, vol. 78(C), pages 58-83.
    14. Deanna L. Sharpe, 2021. "Reinventing Retirement," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 11-19, July.
    15. Sholevar, Maryam & Harris, Laurence, 2019. "Mind the gap: A discussion paper on Financial Literacy, Financial behaviour and Financial Education : Is there any Gender Gap?," OSF Preprints b7zd6, Center for Open Science.
    16. Tim Kaiser & Lukas Menkhoff, 2017. "Does Financial Education Impact Financial Literacy and Financial Behavior, and If So, When?," The World Bank Economic Review, World Bank, vol. 31(3), pages 611-630.
    17. Oscar A. Stolper & Andreas Walter, 2017. "Financial literacy, financial advice, and financial behavior," Journal of Business Economics, Springer, vol. 87(5), pages 581-643, July.
    18. Bechly, Paul, 2018. "An Examination of Demographic Differences in Obtaining Investment and Financial Planning Information," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 233014, February.
    19. Zachary Bethune & Joaquín Saldain & Eric R. Young, 2024. "Consumer Credit Regulation and Lender Market Power," Staff Working Papers 24-36, Bank of Canada.
    20. María José Roa & Ignacio Garrón & Jonathan Barboza, 2019. "Financial Decisions and Financial Capabilities in the Andean Region," Journal of Consumer Affairs, Wiley Blackwell, vol. 53(2), pages 296-323, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jfamec:v:36:y:2015:i:2:p:299-306. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.