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Wealth holdings and portfolio allocation of the elderly : the role of marital history
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.
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Journal of family and economic issuesVolume
30Issue
1Pagination
90 - 108Publisher
Springer NetherlandsLocation
Amsterdam, The NetherlandsPublisher DOI
ISSN
1058-0476eISSN
1573-3475Language
engPublication classification
C1 Refereed article in a scholarly journalCopyright notice
2009, Springer Science+Business Media, LLCUsage metrics
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