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What Are the Effects of Doubling Up on Retirement Income and Assets?

Author

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  • Deirdre Pfeiffer
  • Katrin B. Anacker
  • Brooks Louton

Abstract

The Great Recession has amplified the increase in socioeconomic instability and inequality in the United States. While much work has been conducted on retirement income and assets, not much work has been undertaken on seniors moving in with their adult children and grandchildren, possibly to save on housing costs. Utilizing Survey of Income and Program Participation (SIPP) 1996, 2001, 2004, and 2008 data for seniors 65 and older, we conducted descriptive statistics and three types of models. First, we used discrete-time event history modeling to analyze the effect of changes in retirement income, assets, debt, and social welfare program participation between the current and previous interview on the propensity of moving into a multigenerational household, controlling for other factors. Then, we used logistic and linear regression to understand the effect of living in a multigenerational household on changes in seniors’ retirement income, assets, debt, and program participation, controlling for other factors. We also expanded our analyses to control for household type, i.e., a senior moving in with their adult children or grandchildren or vice versa, and for time, i.e., whether the recession impacts our results.

Suggested Citation

  • Deirdre Pfeiffer & Katrin B. Anacker & Brooks Louton, 2016. "What Are the Effects of Doubling Up on Retirement Income and Assets?," Working Papers, Center for Retirement Research at Boston College wp2016-10, Center for Retirement Research.
    • Handle: RePEc:crr:crrwps:wp2016-10
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    File URL: http://crr.bc.edu/working-papers/what-are-the-effects-of-doubling-up-on-retirement-income-and-assets-2/
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    Cited by:

    1. Colleen Heflin & Hannah Patnaik, 2023. "Material Hardship and the Living Arrangements of Older Americans," Journal of Family and Economic Issues, Springer, vol. 44(2), pages 267-284, June.

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