Do Spouses Coordinate Their Investment Decisions in Order to Share Risks?
Boston College CRR Working Paper No. 2000-09
21 Pages Posted: 28 Dec 2000
There are 2 versions of this paper
Do Spouses Coordinate Their Investment Decisions in Order to Share Risks?
Do Spouses Coordinate Their Investment Decisions in Order to Share Risks?
Date Written: November 2000
Abstract
This paper uses the 1995 and 1998 Survey of Consumer Finances to examine 401(k) asset allocation behavior by individual and household characteristics, including spousal asset allocation behavior. The results provide evidence that, among married households in which each spouse has a 401(k) plan, spouses tend to invest their 401(k)s similarly rather than diversifying their holdings across spouses to share risks. The findings also point to the lack of diversification between 401(k) asset allocations and other household holdings. However, the results suggest that households can diversify in other ways, such as through a spouse's earnings or through having an underlying defined benefit plan.
Keywords: Social Security, 401(k), Household Economics
JEL Classification: E21, J32
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Relational Contracts, Taxation and the Household
By Patricia F. Apps and Ray Rees
-
Collective Labour Supply: Heterogeneity and Nonparticipation
-
Collective Labour Supply: Heterogeneity and Non-Participation
-
Household Intertemporal Behavior: A Collective Characterization and a Test of Commitment
-
Gender Based Taxation and the Division of Family Chores
By Alberto F. Alesina, Andrea Ichino, ...
-
Gender Based Taxation and the Division of Family Chores
By Alberto F. Alesina, Andrea Ichino, ...
-
Gender Based Taxation and the Division of Family Chores
By Alberto F. Alesina, Andrea Ichino, ...