Wealth Holdings and Portfolio Allocation of the Elderly: The role of marital history

TitleWealth Holdings and Portfolio Allocation of the Elderly: The role of marital history
Publication TypeJournal Article
Year of Publication2009
AuthorsUlker, A
JournalJournal of Family and Economic Issues
Volume30
Issue1
Pagination90
Call Numbernewpubs20090302_Ulker_JFEI.pdf
KeywordsAdult children, Net Worth and Assets
Abstract

This paper investigates the role of marital history in terms of explaining differences in wealth holdings and portfolio allocation of older individuals by studying data from the first wave of Health and Retirement Study which was conducted in 1992. The results generally suggest that both men and women suffer from the negative shocks of past marital dissolutions in terms of household wealth accumulation. The significance level, however, differs across currently married couples, single males, and single females. The examination of the asset components of net worth also indicates that both the probability of owning a particular asset and the fraction of wealth allocated to that asset might vary depending on the elderly individuals marital history.

URLhttp://www.springerlink.com/content/k377n414t47170xx/
Endnote Keywords

Marital History/Wealth/Portfolio Choice

Endnote ID

19780

Citation Key7294