IDEAS home Printed from https://ideas.repec.org/a/aea/aecrev/v107y2017i5p536-40.html
   My bibliography  Save this article

How Children with Mental Disabilities Affect Household Investment Decisions

Author

Listed:
  • Vicki L. Bogan
  • Jose M. Fernandez

Abstract

We analyze how children with mental disabilities influence parental portfolio allocation. We find that risky asset holding decreases among households with special needs children. However, conditional on participating in financial markets, households with special needs children invest a larger portion of their wealth in risky assets. As risky asset holding is a key component of wealth building, these findings have important implications for both policy and household wealth inequality.

Suggested Citation

  • Vicki L. Bogan & Jose M. Fernandez, 2017. "How Children with Mental Disabilities Affect Household Investment Decisions," American Economic Review, American Economic Association, vol. 107(5), pages 536-540, May.
    • Handle: RePEc:aea:aecrev:v:107:y:2017:i:5:p:536-40
    Note: DOI: 10.1257/aer.p20171145
    as

    Download full text from publisher

    File URL: https://www.aeaweb.org/articles?id=10.1257/aer.p20171145
    Download Restriction: no
    File URL: https://www.aeaweb.org/articles/attachments?retrieve=NZ7zo2t380j2gAhQJFGEqj7rhxtCPAeP
    Download Restriction: no
    File URL: https://www.aeaweb.org/articles/attachments?retrieve=oks9XyIphAzeQoulDLeVdX8Im35gxvHo
    Download Restriction: Access to full text is restricted to AEA members and institutional subscribers.
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yuree Lim & Kyoung Tae Kim, 2019. "Afraid of the stock market," Review of Quantitative Finance and Accounting, Springer, vol. 53(3), pages 773-810, October.
    2. Fang, Jiali & Liu, Na & de Bruin, Anne & Wongchoti, Udomsak, 2022. "The salience of children to household financial decisions," Journal of Banking & Finance, Elsevier, vol. 139(C).

    More about this item

    JEL classification:

    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aea:aecrev:v:107:y:2017:i:5:p:536-40. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Michael P. Albert (email available below). General contact details of provider: https://edirc.repec.org/data/aeaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.