This paper examines households' stock market participation responses to a critical life-cycle event, adult children's marriage. An event-study difference-in-differences approach is employed to facilitate identification, which compares changes in the stock market participation behaviors of...

A substantial number of American children experience poverty: about 17 percent of those under the age of eighteen meet the government’s definition, and the proportion is even greater within minority groups. Childhood poverty can have lifelong effects, resulting in poor educational, labor...