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Lifecycle Events and Their ConsequencesJob Loss, Family Change, and Declines in Health$
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Lifecycle Events and Their Consequences: Job Loss, Family Change, and Declines in Health

Kenneth A. Couch, Mary C. Daly, and Julie M. Zissimopoulos

Print publication date: 2013

Print ISBN-13: 9780804785853

Published to Stanford Scholarship Online: January 2014

DOI: 10.11126/stanford/9780804785853.001.0001

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Marriage and Wealth Changes at Older Ages

Marriage and Wealth Changes at Older Ages

Chapter:
(p.158) Chapter Nine Marriage and Wealth Changes at Older Ages
Source:
Lifecycle Events and Their Consequences
Author(s):

Julie M. Zissimopoulos

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804785853.003.0009

This chapter presents an examination of the impact on net worth and savings of changes in family structure at older ages. The analysis demonstrates that married couples have more wealth than unmarried individuals primarily due to the higher lifetime earnings and lower mortality risk of married couples compared to unmarried individuals. Divorce at older ages both divides and consumes wealth and has negative and long-lasting consequences on wealth accumulation while remarriage rebuilds assets.

Keywords:   marriage, divorce, wealth, lifecycle, earnings, mortality risk

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