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

journal contribution
posted on 01.03.2009, 00:00 authored by Aydogan UlkerAydogan Ulker
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.

History

Journal

Journal of family and economic issues

Volume

30

Issue

1

Pagination

90 - 108

Publisher

Springer Netherlands

Location

Amsterdam, The Netherlands

ISSN

1058-0476

eISSN

1573-3475

Language

eng

Publication classification

C1 Refereed article in a scholarly journal

Copyright notice

2009, Springer Science+Business Media, LLC