Changes in Family Composition and Wealth Trajectories

This thesis investigates how changes in family composition influence wealth trajectories, particularly focusing on planned events like childbirth and unplanned events such as death, separation, or the need for caregiving. Through both theoretical and empirical lenses, the research analyzes the impact of these transitions on savings and wealth accumulation, with special attention to older individuals and couples. Drawing upon the life cycle model of consumption and savings, the study explores how family disruptions affect economic behavior, using existing literature and data to identify patterns and implications. The findings aim to contribute to financial planning, policy formulation, and economic theory by providing insights into how families navigate economic challenges posed by shifts in their composition.