How Does Marriage Affect the Allocation of Assets in Women’s Defined Contribution Plans?
AbstractPast studies that examine gender differences in investment decisions have treated married households as a single decision- making unit. This study improves upon traditional unitary bargaining models and estimates a series of unitary and collective-type models to investigate how a husband’s age and relative control over financial resources affects the allocation of assets in women’s defined contribution plans. Using data from the Survey of Consumer Finances, the results show that women who are married to less educated and older men are less likely to take on risk with their portfolios. Women who earn a greater share of the household’s total earnings are also less likely to invest in risky assets. There is little evidence that the characteristics of the wife affect the husband’s investment decisions. The findings have important policy implications, especially with respect to proposed Social Security reforms which would enable workers to choose how their personal security accounts are invested.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Center for Retirement Research in its series Working Papers, Center for Retirement Research at Boston College with number wp2004-28.
Length: 20 Pages
Date of creation: Nov 2004
Date of revision: Nov 2004
Contact details of provider:
Postal: Hovey House, 140 Commonwealth Avenue, Chestnut Hill, MA 02467
Phone: (617) 552-1762
Fax: (617) 552-0191
Web page: http://crr.bc.edu/
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Estelle James & Alejandra Cox Edwards & Rebeca Wong, 2012. "The Gender Impact of Pension Reform," World Bank Other Operational Studies 13046, The World Bank.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Amy Grzybowski) or (Christopher F Baum).
If references are entirely missing, you can add them using this form.