In this study, we analyse the "aging parent penalty" and how it affects adult children of different genders. While previous studies have explored the "child penalty" faced by parents, little attention has been given to the costs to individuals who support their aging or ill parents. Using SHARE data and a quasi-experimental approach based on event studies around a health shock experienced by the parent, we examine the impact of parental health on adult children’s employment in six countries. We find parents receive more help from their children when they fall ill, and their daughters' employment declines, in countries where caregiving duties are provided informally by the family. In countries where formal caregiving duties are provided by the market, parents increase their use of professional help, healthcare expenditure increases, and sons' employment increases. In countries where formal caregiving duties are provided by the government, parents increase their use of professional help, they are more likely to receive disability benefits, and there is no change in the employment of their daughters and sons. This work is particularly relevant for the ongoing discussion about the gender implications of caregiving and financial responsibilities in the context of an aging population.
Co-author: Stav Federman
'Gender Talks at Villa La Fonte' is a monthly forum dedicated to presenting and discussing gender-related topics. The events include presentations from both internal and occasional external speakers, followed by discussions on the presented topics. The goal is to encourage a dynamic exchange of ideas and perspectives in the field of gender economics. The 'Women in VLF' initiative invites everyone to participate in these inclusive debates, providing an academic perspective on issues that impact our everyday experiences.