Do Households Increase Their Savings When the Kids Leave Home?

Irena Dushi; Alicia H. Munnell; Geoffrey T. Sanzenbacher; Anthony Webb; Anqi Chen

doi:10.3905/jor.2021.1.091

Do Households Increase Their Savings When the Kids Leave Home?

Irena Dushi, Alicia H. Munnell, Geoffrey T. Sanzenbacher, Anthony Webb and Anqi Chen

The Journal of Retirement Fall 2021, jor.2021.1.091; DOI: https://doi.org/10.3905/jor.2021.1.091

Irena Dushi

is an economist in the Office of Retirement and Disability Policy at the Social Security Administration (SSA) in Washington, DC

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For correspondence: irena.dushi@ssa.gov

Alicia H. Munnell

is at the Peter F. Drucker Professor of Management Sciences at Boston College’s Carroll School of Management and director of the Center for Retirement Research at Boston College (CRR) in Chestnut Hill, MA

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For correspondence: munnell@bc.edu

Geoffrey T. Sanzenbacher

is a research fellow at the CRR and an associate professor of the practice of economics at Boston College in Chestnut Hill, MA

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For correspondence: geoffrey.sanzenbacher@bc.edu

Anthony Webb

is an affiliated researcher at the Schwartz Center for Economic Policy Analysis in New York, NY

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For correspondence: webbt@newschool.edu

Anqi Chen

is a research economist at the CRR in Chestnut Hill, MA

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For correspondence: anqi.chen@bc.edu

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Do Households Increase Their Savings When the Kids Leave Home?