The Price of Independence: How the 1870 Married Women's Property Act Altered the Investment Risks Faced by Lower Middle Class British Women
I examine wealth holding patterns of lower middle class women married in the years surrounding the 1870 Married Women's Property Act to determine whether a change in property law altered the implicit price of personal property purchased by married women. My results indicate that the Act altered the risk of expropriation of personal property investments and thus the implicit prices faced by women purchasing personal property. After the passage of the Act the implicit price of personal property purchased by women married after the Act fell by 40 percent. As a result, lower middle class women married after the Act transferred a substantial amount of their wealth into forms of personal property investments. At the time that women shifted their wealth away from real property the returns from real property were increasing while personal property returns remained constant. Women had no return-driven incentive to shift their wealth holding into forms of personal property.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
When requesting a correction, please mention this item's handle: RePEc:mve:journl:v:30:y:2004:i:2:p:1-26. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ken Brown)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.