Week #13

Question 1

what will the future family composition be?

Answer 1

• Population 75+ will increase
• This will increase dependent care needs
• Type of care older people receive is linked to household/family composition
• Changes in family composition impact care and have implications for social policy

Question 2

what are projections of family compistion

Answer 2

Family composition will change in positive ways

• Decrease in widowhood, increase in divorce will be offset
• Having at lease one surviving child will be more common

However, total number of people without potential family support will increase

Question 3

what are the dillemas of intergenerational transfer of financial resources

Answer 3

• midlife adults spend more years relating to both ascendant and descendant generations
• Midlife squeeze conflicting responsibilities of preparing for retirement and assisting family members financially

Question 4

what is the tripartition of life stages

Answer 4

1. Preparation for work
2. Economic activity
3. Retirement

Question 5

how does the intergenerational transfer of financial resources link to lifecourse

Answer 5

Ambiguous transition to adulthood
- Timing of transition to financial self-sufficiency
Sociological ambivalence about how long parents are expected to support adult children
- Transformative assets contribute to CAD

Question 6

How do parents support adults?

Answer 6

• Parents spend ~1/3 again as much in monetary assistance to adult children as they spent raising their children.
• Opportunity costs for parents
  Retirement, living expenses, health care

Question 7

how does intergenerational transfer relate to inequality

Answer 7

• Inter vivos transfers and bequests contribute to inequality
• Midlife squeeze may be perpetuated from one generation to the next

Question 8

what is the importance of life course perspective on families?

Answer 8

1. Importance of childhood experiences for later life achievement
2. Linked lives.
3. Families are not static
   - Family units have trajectories.
   - Family lineages have rhythms of change.
   - These are embedded in historical time.

Question 9

intergenerational equity debates

Answer 9

• Frame allocation of societal resources as a zero-sum game that pits age groups against each other.
• But, fates of young and old are interconnected through family realm.
• Intergenerational transfers—time, care, material resources, skills, knowledge