Family Support During Hard Times: Dynamics of Intergenerational Exchange after Adverse Events
利用事件研究法，分析了财富损失、失业、丧偶和健康冲击如何改变家庭内部的财务转移和照护行为，发现低财富家庭中父母对成年子女的给予减少，而子女在父母遭遇冲击后增加财务和照护支持。
Abstract We use event studies to examine changes in intergenerational financial transfers and informal care within families following wealth loss, job exit, widowhood, and health shocks. We find sharp reductions in giving to adult children following negative shocks to parents’ wealth and earned income, particularly in low-wealth households. Giving also decreases with some health shocks and increases following spousal death. Meanwhile, children of low-wealth households increase financial transfers to parents following adverse shocks in parental households and children of both high- and low-wealth households sharply increase their provision of informal care to parents following a wide range of adverse shocks.