Marriage and the Allocation of Assets in Women’s Defined Contribution Plans |
| |
Authors: | Tansel Yilmazer Angela C Lyons |
| |
Institution: | (1) Department of Personal Financial Planning, University of Missouri, 239 Stanley Hall, Columbia, MO 65211, USA;(2) Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, 421 Mumford Hall, 1301 W. Gregory Drive, Urbana, IL 61801, USA |
| |
Abstract: | The goal of this paper is to understand the effect of family decision-making on the investment decisions of married men and
women. Using data from the Survey of Consumer Finances, we investigate how the spouse’s relative control over financial resources
in the household and the life-cycle stage affect the investment choices of married women and men. The results show that married
women who have more control over the financial resources are less likely to invest their Defined Contribution Plans (DCPs)
in risky assets. Also, women who are married to relatively older men are less likely to take on risk with their DCPs. There
is little evidence that the wife’s characteristics affect the investment decisions of married men. |
| |
Keywords: | |
本文献已被 SpringerLink 等数据库收录! |
|