IDEAS home Printed from https://ideas.repec.org/a/eee/joecag/v17y2020ics2212828x20300232.html
   My bibliography  Save this article

Gender differences in widowhood in the short-run and long-run: Financial, emotional, and mental wellbeing

Author

Listed:
  • Streeter, Jialu L.

Abstract

The vast majority of studies of the widowed have concentrated on women. Less is known about whether differences in financial and emotional wellbeing after bereavement vary systematically with the gender of the surviving spouse. This paper analyzes the consequences of widowhood on the economic resources and emotional and mental stability of men and women in the United States. Data are from the 1992–2016 waves of the Health and Retirement Study (HRS). A panel fixed-effect model is adopted to estimate the impact of widowhood on household size-adjusted income, family wealth, affects, and somatic symptoms.

Suggested Citation

  • Streeter, Jialu L., 2020. "Gender differences in widowhood in the short-run and long-run: Financial, emotional, and mental wellbeing," The Journal of the Economics of Ageing, Elsevier, vol. 17(C).
  • Handle: RePEc:eee:joecag:v:17:y:2020:i:c:s2212828x20300232
    DOI: 10.1016/j.jeoa.2020.100258
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2212828X20300232
    Download Restriction: no

    File URL: https://libkey.io/10.1016/j.jeoa.2020.100258?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. John B. Shoven & Sita Nataraj Slavov & David A. Wise, 2017. "Social Security Claiming Decisions: Survey Evidence," NBER Working Papers 23729, National Bureau of Economic Research, Inc.
    2. Sass, Steven A. & Sun, Wei & Webb, Anthony, 2013. "Social Security claiming decision of married men and widow poverty," Economics Letters, Elsevier, vol. 119(1), pages 20-23.
    3. Annamaria Lusardi & Olivia S. Mitchell, 2008. "Planning and Financial Literacy: How Do Women Fare?," American Economic Review, American Economic Association, vol. 98(2), pages 413-417, May.
    4. Michael D. Hurd & David A. Wise, 1989. "The Wealth and Poverty of Widows: Assets Before and After the Husband's Death," NBER Chapters, in: The Economics of Aging, pages 177-200, National Bureau of Economic Research, Inc.
    5. Karen Holden & Richard Burkhauser & Daniel Feaster, 1988. "The timing of falls into poverty after retirement and widowhood," Demography, Springer;Population Association of America (PAA), vol. 25(3), pages 405-414, August.
    6. Kathleen McGarry & Robert F. Schoeni, 2005. "Widow(er) Poverty and Out-of-Pocket Medical Expenditures Near the End of Life," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 60(3), pages 160-168.
    7. Laura Tach & Alicia Eads, 2015. "Trends in the Economic Consequences of Marital and Cohabitation Dissolution in the United States," Demography, Springer;Population Association of America (PAA), vol. 52(2), pages 401-432, April.
    8. Ritchey, F.J. & La Gory, M. & Fitzpatrick, K.M. & Mullis, J., 1990. "A comparison of homeless, community-wide, and selected distressed samples on the CES-Depression Scale," American Journal of Public Health, American Public Health Association, vol. 80(11), pages 1384-1386.
    9. Joanne W. Hsu, 2016. "Aging and Strategic Learning: The Impact of Spousal Incentives on Financial Literacy," Journal of Human Resources, University of Wisconsin Press, vol. 51(4), pages 1036-1067.
    10. Isaac Sasson & Debra J. Umberson, 2014. "Editor's choice Widowhood and Depression: New Light on Gender Differences, Selection, and Psychological Adjustment," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 69(1), pages 135-145.
    11. Coulter, Fiona A E & Cowell, Frank A & Jenkins, Stephen P, 1992. "Equivalence Scale Relativities and the Extent of Inequality and Poverty," Economic Journal, Royal Economic Society, vol. 102(414), pages 1067-1082, September.
    12. Cathleen D. Zick & Karen Holden, 2000. "An Assessment of the Wealth Holdings of Recent Widows," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 55(2), pages 90-97.
    13. B. Douglas Bernheim & Katherine Grace Carman & Jagadeesh Gokhale & Laurence J. Kotlikoff, 2001. "The Mismatch Between Life Insurance Holdings and Financial Vulnerabilities: Evidence from the Survey of Consumer Finances," NBER Working Papers 8544, National Bureau of Economic Research, Inc.
    14. David R. Weir & Robert J. Willis & Purvi A. Sevak, 2002. "The Economic Consequences of Widowhood," Working Papers wp023, University of Michigan, Michigan Retirement Research Center.
    15. Carolyn Payne & E. C. Hedberg & Michael Kozloski & William Dale & Martha K. McClintock, 2014. "Using and Interpreting Mental Health Measures in the National Social Life, Health, and Aging Project," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 69(Suppl_2), pages 99-116.
    16. John B. Shoven & Sita Nataraj Slavov, 2012. "The Decision to Delay Social Security Benefits: Theory and Evidence," NBER Working Papers 17866, National Bureau of Economic Research, Inc.
    17. Gary R. Lee & Alfred DeMaris & Stefoni Bavin & Rachel Sullivan, 2001. "Gender Differences in the Depressive Effect of Widowhood in Later Life," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 56(1), pages 56-61.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stefania Ilinca & Ricardo Rodrigues & Stefan Fors & Eszter Zólyomi & Janet Jull & Johan Rehnberg & Afshin Vafaei & Susan Phillips, 2022. "Gender differences in access to community-based care: a longitudinal analysis of widowhood and living arrangements," European Journal of Ageing, Springer, vol. 19(4), pages 1339-1350, December.
    2. Zhao, Yuejun & Inder, Brett & Kim, Jun Sung, 2021. "Spousal bereavement and the cognitive health of older adults in the US: New insights on channels, single items, and subjective evidence," Economics & Human Biology, Elsevier, vol. 43(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alicia H. Munnell & Geoffrey Sanzenbacher & Alice Zulkarnain, 2020. "What Factors Explain the Decline in Widowed Women’s Poverty?," Demography, Springer;Population Association of America (PAA), vol. 57(5), pages 1881-1902, October.
    2. Cherchye, Laurens & De Rock, Bram & Vermeulen, Frederic, 2012. "Economic well-being and poverty among the elderly: An analysis based on a collective consumption model," European Economic Review, Elsevier, vol. 56(6), pages 985-1000.
    3. Jessie Fan & Cathleen Zick, 2006. "Expenditure Flows Near Widowhood," Journal of Family and Economic Issues, Springer, vol. 27(2), pages 335-353, June.
    4. Angela Hung & Joanne Yoong & Elizabeth Brown, 2012. "Empowering Women Through Financial Awareness and Education," OECD Working Papers on Finance, Insurance and Private Pensions 14, OECD Publishing.
    5. Nicholas, Lauren Hersch & Baum, Micah Y., 2020. "Wills, public policy, and financial well-being among surviving spouses," The Journal of the Economics of Ageing, Elsevier, vol. 16(C).
    6. van de Walle, Dominique, 2011. "Lasting welfare effects of widowhood in a poor country," Policy Research Working Paper Series 5734, The World Bank.
    7. Oscar A. Stolper & Andreas Walter, 2017. "Financial literacy, financial advice, and financial behavior," Journal of Business Economics, Springer, vol. 87(5), pages 581-643, July.
    8. David Knapp & Beth Asch & Jim Hosek & Michael G. Mattock, 2016. "The Retirement and Social Security Benefit Claiming of U.S. Military Retirees," Working Papers wp336, University of Michigan, Michigan Retirement Research Center.
    9. Michael D. Hurd, 1994. "The Economic Status of the Elderly in the United States," NBER Chapters, in: Aging in the United States and Japan: Economic Trends, pages 63-84, National Bureau of Economic Research, Inc.
    10. Grohmann, Antonia & Hübler, Olaf & Kouwenberg, Roy & Menkhoff, Lukas, 2021. "Financial literacy: Thai middle-class women do not lag behind," Journal of Behavioral and Experimental Finance, Elsevier, vol. 31(C).
    11. Tabea Bucher-Koenen & Annamaria Lusardi & Rob Alessie & Maarten van Rooij, 2017. "How Financially Literate Are Women? An Overview and New Insights," Journal of Consumer Affairs, Wiley Blackwell, vol. 51(2), pages 255-283, July.
    12. Rodrigues, Luís Filipe & Oliveira, Abílio & Rodrigues, Helena & Costa, Carlos J., 2019. "Assessing consumer literacy on financial complex products," Journal of Behavioral and Experimental Finance, Elsevier, vol. 22(C), pages 93-104.
    13. Mahnaz Mahdavi & Nicholas J. Horton, 2014. "Financial Knowledge among Educated Women: Room for Improvement," Journal of Consumer Affairs, Wiley Blackwell, vol. 48(2), pages 403-417, June.
    14. Michael D. Hurd, 1989. "Issues and Results from Research on the Elderly I: Economic Status (Part I of III Parts)," NBER Working Papers 3018, National Bureau of Economic Research, Inc.
    15. Noemi Oggero & Maria Cristina Rossi & Elisa Ughetto, 2020. "Entrepreneurial spirits in women and men. The role of financial literacy and digital skills," Small Business Economics, Springer, vol. 55(2), pages 313-327, August.
    16. Agarwalla, Sobhesh Kumar & Barua, Samir K. & Jacob, Joshy & Varma, Jayanth R., 2015. "Financial Literacy among Working Young in Urban India," World Development, Elsevier, vol. 67(C), pages 101-109.
    17. Tabea Bucher-Koenen & Rob Alessie & Annamaria Lusardi & Maarten van Rooij, 2021. "Fearless Woman. Financial Literacy and Stock Market Participation," Working Papers 708, DNB.
    18. Annamaria Lusardi & Olivia S. Mitchell, 2014. "The Economic Importance of Financial Literacy: Theory and Evidence," Journal of Economic Literature, American Economic Association, vol. 52(1), pages 5-44, March.
    19. Franziska Förster & Melanie Luppa & Alexander Pabst & Kathrin Heser & Luca Kleineidam & Angela Fuchs & Michael Pentzek & Hanna Kaduszkiewicz & Carolin van der Leeden & André Hajek & Hans-Helmut König , 2021. "The Role of Social Isolation and the Development of Depression. A Comparison of the Widowed and Married Oldest Old in Germany," IJERPH, MDPI, vol. 18(13), pages 1-12, June.
    20. Angelini, Viola & Bertoni, Marco & Stella, Luca & Weiss, Christoph T., 2019. "The ant or the grasshopper? The long-term consequences of Unilateral Divorce Laws on savings of European households," European Economic Review, Elsevier, vol. 119(C), pages 97-113.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:joecag:v:17:y:2020:i:c:s2212828x20300232. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/the-journal-of-the-economics-of-ageing .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.