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

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  • 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
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    3. 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).
    4. 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.
    5. 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.
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    7. 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.
    8. LoRiggio, Tessa & Morris, Todd, 2024. "The Gender Wealth Gap near Retirement in Canada," IZA Policy Papers 207, Institute of Labor Economics (IZA).

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