New research from the Department of Economics at the University of Oxford suggests that the death of a parent in adulthood can have effects that reach far beyond the immediate shock of bereavement. Published in the May issue of the American Economic Review, the study finds that parental loss is associated with persistent declines in earnings, alongside signs of worsening mental health. Women with young children experience a comparatively larger earnings decline, likely due to the loss of informal childcare.
Losing a parent in adulthood can affect earnings for years through mental health and family support, study finds
More In Finance
-
Canada has some of the highest interchange fees in the world. Interchange fees are the fees businesses pay each time their customers pay by credit card. The average interchange fee in Canada is about 1.5 per cent of [...]
-
Main Street businesses that survived COVID-19 restrictions are now navigating a pandemic recovery where predicted changes in the retail industry have been accelerated by five to 10 years. The ability to adapt to these changes, coupled [...]
-
The big idea Consumers who see a product on sale being virtually touched are more engaged and willing to pay more than if the item is displayed on its own, according to a recent research paper [...]
-
Entrepreneurs, their associated startups and the subsequent growth of their companies have a vital impact on the health of our economy. In Canada, young adults have demonstrated a growing interest in entrepreneurship. Entrepreneurship has historically been narrowly [...]
-
Economics is broadly divided into macroeconomics and microeconomics. The big picture, macroeconomics, concentrates on the behavior of a national or a regional economy as a whole: the totals of goods and services, unemployment and prices. Then there’s a more [...]
