Sexual orientation and household savings: do homosexual couples save more?
We analyze how sexual orientation is related to household savings using 2000 US Census data, and find that gay and lesbian couples own more retirement income than do heterosexual ones, while cohabiting heterosexuals save more than their married counterparts. In a household savings model, we interpret this homosexual-specific differential as due to the extremely low fertility of same-sex households, in addition to the precautionary motives driving cohabiting couples to save more than married ones. Evidence from homeowners’ ratio of mortgage payments to house value exhibits the same pattern of savings differentials by sexual orientation and cohabiting status.
|Date of creation:||Jun 2010|
|Publication status:||Published by Ivie|
|Contact details of provider:|| Postal: C/ Guardia Civil, 22, Esc 2a, 1o, E-46020 VALENCIA|
Phone: +34 96 319 00 50
Fax: +34 96 319 00 55
Web page: http://www.ivie.es/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Shelly Lundberg & Jennifer Ward-Batts, 2000.
"Saving for Retirement: Household Bargaining and Household Net Worth,"
Discussion Papers in Economics at the University of Washington
0026, Department of Economics at the University of Washington.
- Shelly J. Lundberg & Jennifer Ward-Batts, 2000. "Saving for Retirement: Household Bargaining and Household Net Worth," Econometric Society World Congress 2000 Contributed Papers 1414, Econometric Society.
- Shelly Lundberg & Jennifer Ward-Batts, 2000. "Saving for Retirement: Household Bargaining and Household Net Worth," Working Papers 0026, University of Washington, Department of Economics.
- Shelly J. Lundberg & Jennifer Ward-Batts, 2000. "Saving for Retirement: Household Bargaining and Household Net Worth," Working Papers wp004, University of Michigan, Michigan Retirement Research Center.
- Julie Zissimopoulos & Benjamin Karney & Amy Rauer, 2008.
"Marital Histories and Economic Well-Being,"
645, RAND Corporation.
- Dan Black & Gary Gates & Seth Sanders & Lowell Taylor, 1999.
"Demographics of the Gay and Lesbian Population in the United States: Evidence from Available Systematic Data Sources,"
Center for Policy Research Working Papers
12, Center for Policy Research, Maxwell School, Syracuse University.
- Dan Black & Gary Gates & Seth Sanders & Lowell Taylor, 2000. "Demographics of the gay and lesbian population in the United States: Evidence from available systematic data sources," Demography, Springer;Population Association of America (PAA), vol. 37(2), pages 139-154, May.
- Erik Hurst & Ming Ching Luoh & Frank P. Stafford, 1998. "The Wealth Dynamics of American Families, 1984-94," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 267-338.
- Martin Browning & Mette Ejrnæs, 2009.
"Consumption and Children,"
The Review of Economics and Statistics,
MIT Press, vol. 91(1), pages 93-111, February.
- Oreffice, Sonia, 2011.
"Sexual orientation and household decision making.: Same-sex couples' balance of power and labor supply choices,"
Elsevier, vol. 18(2), pages 145-158, April.
- Sonia Oreffice, 2009. "Sexual orientation and household decision making. Same-sex couples' balance of power and labor supply choices," Working Papers. Serie AD 2009-08, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Sonia Oreffice, 2008. "Sexual Orientation and Household Decision Making. Same-Sex Couples’ Balance of Power and Labor Supply Choices," Working Papers 2008.81, Fondazione Eni Enrico Mattei.
- Marieka Klawitter, 2008. "The effects of sexual orientation and marital status on how couples hold their money," Review of Economics of the Household, Springer, vol. 6(4), pages 423-446, December.
- John M. Blandford, 2003. "The Nexus of Sexual Orientation and Gender in the Determination of Earnings," ILR Review, Cornell University, ILR School, vol. 56(4), pages 622-642, July.
- Lillard, Lee A & Weiss, Yoram, 1997.
"Uncertain Health and Survival: Effects on End-of-Life Consumption,"
Journal of Business & Economic Statistics,
American Statistical Association, vol. 15(2), pages 254-268, April.
- Lillard, L.A. & Weiss, Y., 1996. "Uncertain Health and Survival: Efefcts on End-of-Life Consumption," Papers 7-96, Tel Aviv.
- Deaton, A.S. & Paxson, C.H., 1992.
"Saving, Growth, and Aging in Taiwan,"
161, Princeton, Woodrow Wilson School - Development Studies.
- Lisa Jepsen & Christopher Jepsen, 2002. "An empirical analysis of the matching patterns of same-sex and opposite-sex couples," Demography, Springer;Population Association of America (PAA), vol. 39(3), pages 435-453, August.
- Mariacristina De Nardi & Eric French & John Bailey Jones, 2009.
"Life expectancy and old age savings,"
Working Paper Series
WP-08-18, Federal Reserve Bank of Chicago.
- Marianne Bertrand & Esther Duflo & Sendhil Mullainathan, 2002.
"How Much Should We Trust Differences-in-Differences Estimates?,"
NBER Working Papers
8841, National Bureau of Economic Research, Inc.
- Marianne Bertrand & Esther Duflo & Sendhil Mullainathan, 2004. "How Much Should We Trust Differences-In-Differences Estimates?," The Quarterly Journal of Economics, Oxford University Press, vol. 119(1), pages 249-275.
- Christopher A. Jepsen & Lisa K. Jepsen, 2006. "The Sexual Division of Labor Within Households: Comparisons of Couples to Roommates," Eastern Economic Journal, Eastern Economic Association, vol. 32(2), pages 299-312, Spring.
- Dan A. Black & Seth G. Sanders & Lowell J. Taylor, 2007. "The Economics of Lesbian and Gay Families," Journal of Economic Perspectives, American Economic Association, vol. 21(2), pages 53-70, Spring.
- J. Trent Alexander & Michael Davern & Betsey Stevenson, 2010.
"Inaccurate Age and Sex Data in the Census PUMS Files: Evidence and Implications,"
CESifo Working Paper Series
2929, CESifo Group Munich.
- J. Trent Alexander & Michael Davern & Betsey Stevenson, 2010. "Inaccurate age and sex data in the Census PUMS files: evidence and implications," Working Paper Series 2010-03, Federal Reserve Bank of San Francisco.
- J. Trent Alexander & Michael Davern & Betsey Stevenson, 2010. "Inaccurate age and sex data in the Census PUMS files: Evidence and Implications," NBER Working Papers 15703, National Bureau of Economic Research, Inc.
- Edward N. Wolff, 1998. "Recent Trends in the Size Distribution of Household Wealth," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 131-150, Summer.
- Laura Blow & Martin Browning & Mette Ejrnæs, 2009. "Marriage and Consumption," CAM Working Papers 2009-07, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
- Jepsen, Christopher & Jepsen, Lisa K., 2009.
"Does home ownership vary by sexual orientation?,"
Regional Science and Urban Economics,
Elsevier, vol. 39(3), pages 307-315, May.
- Chiappori, Pierre-Andre, 1988. "Rational Household Labor Supply," Econometrica, Econometric Society, vol. 56(1), pages 63-90, January.
- JohnKarl Scholz & Ananth Seshadri, 2007. "Children and Household Wealth," Working Papers wp158, University of Michigan, Michigan Retirement Research Center.
- Antecol, Heather & Steinberger, Michael D., 2009. "Female Labor Supply Differences by Sexual Orientation: A Semi-Parametric Decomposition Approach," IZA Discussion Papers 4029, Institute for the Study of Labor (IZA).
When requesting a correction, please mention this item's handle: RePEc:ivi:wpasad:2010-21. 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: (Departamento de Edición)
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.