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Wealth holdings and portfolio allocation of the elderly : the role of marital history

Ulker, Aydogan 2009, Wealth holdings and portfolio allocation of the elderly : the role of marital history, Journal of family and economic issues, vol. 30, no. 1, pp. 90-108.

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Title Wealth holdings and portfolio allocation of the elderly : the role of marital history
Author(s) Ulker, Aydogan
Journal name Journal of family and economic issues
Volume number 30
Issue number 1
Start page 90
End page 108
Total pages 19
Publisher Springer Netherlands
Place of publication Amsterdam, The Netherlands
Publication date 2009-03
ISSN 1058-0476
1573-3475
Keyword(s) wealth
portfolio allocation
elderly
marital history
Summary 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.
Language eng
Field of Research 140219 Welfare Economics
Socio Economic Objective 910209 Preference, Behaviour and Welfare
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2009, Springer Science+Business Media, LLC
Persistent URL http://hdl.handle.net/10536/DRO/DU:30022718

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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Created: Fri, 22 Jan 2010, 15:14:48 EST by Katrina Fleming

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