Life Satisfaction and Grandparenthood: Evidence from a Nationwide Survey
AbstractThis paper tests whether there is a potential payoff to grandparenthood in terms of life satisfaction. Using the new nationwide survey for the UK, which consists of over 5,000 grandparents and 6,000 non-grandparents aged 40 and above, and a flexible multiple-index ordered probit model with varying thresholds, we find that being a grandparent to at least one grandchild is associated positively and statistically significantly with individuals reporting to be very satisfied with life overall. Parents with no grandchildren are no more satisfied with life compared to non-parents of the same age. The findings suggest that even though children may not contribute significantly to parents' satisfaction with life overall, there may well be long-term benefits to having children, provided that our children go on and have children of their own.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5869.
Length: 27 pages
Date of creation: Jul 2011
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Find related papers by JEL classification:
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
This paper has been announced in the following NEP Reports:
- NEP-AGE-2011-08-09 (Economics of Ageing)
- NEP-ALL-2011-08-09 (All new papers)
- NEP-DEM-2011-08-09 (Demographic Economics)
- NEP-HAP-2011-08-09 (Economics of Happiness)
- NEP-SEA-2011-08-09 (South East Asia)
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- Chongvilaivan, Aekapol & Powdthavee, Nattavudh, 2011. "And I Will Try to Fix You: A Study of Heterogeneity in Job Satisfaction with Implications for Flexible Employment Contracts," IZA Discussion Papers 5868, Institute for the Study of Labor (IZA).
- Janina Reinkowski, 2013. "Should We Care that They Care? Grandchild Care and Its Impact on Grandparent Health," Ifo Working Paper Series Ifo Working Paper No. 165, Ifo Institute for Economic Research at the University of Munich.
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