Local Economic Conditions, Employment Status, and the Intergenerational Transfer of Money and Time

This project will use panel data from the Health and Retirement Study to investigate the effects of involuntary job loss, health shocks, retirement, and local economic downturns on the intergenerational transfer of money and time within families. Among the goals of the project are (1) to gain an understanding of the potential for changes in intra-family transfers to mediate the effects of labor market shocks on individual consumption and (2) to learn whether intra-family transfers are a potential mechanism that might cause labor market shocks to have intergenerational effects.