Heterogeneity in Family Life Course Patterns and Intra-Cohort Wealth Disparities in Late Working Age.

ABSTRACT: Considering soaring wealth inequalities in older age, this research addresses the relationship between family life courses and widening wealth differences between individuals as they age. We holistically examine how childbearing and marital histories are associated with personal wealth at ages 50-59 for Western Germans born between 1943 and 1967. We propose that deviations from culturally and institutionally-supported family patterns, or the stratified access to them, associate with differential wealth accumulation over time and can explain wealth inequalities at older ages. Using longitudinal data from the German Socio-Economic Panel Study (SOEP, v34, waves 2002-2017), we first identified typical family trajectory patterns between ages 16 and 50 with multichannel sequence analysis and clu

SUBMITTER: Kapelle N 

PROVIDER: S-EPMC8924336 | biostudies-literature | 2022 Mar

REPOSITORIES: biostudies-literature