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Author: Brady, Michael P.
Resulting in 1 citation.
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Mandal, Bidisha Brady, Michael P. |
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The Roles of Gender and Marital Status on Risky Asset Allocation Decisions Journal of Consumer Affairs 54,1 (Spring 2020): 177-197. Also: https://onlinelibrary.wiley.com/doi/10.1111/joca.12261 Cohort(s): NLSY79 Publisher: American Council on Consumer Interests (ACCI) Keyword(s): Assets; Financial Behaviors/Decisions; Gender; Health and Retirement Study (HRS); Marital Status Permission to reprint the abstract has not been received from the publisher. We analyze data on asset allocations in Individual Retirement Accounts to examine the roles of marital status and gender on investment decisions. We utilize data from two birth cohorts to understand the relationship over a wide age range. We find that, in their thirties and early forties, men are more likely to hold a majority of their funds in stocks in Individual Retirement Accounts compared to women. The gender difference disappears around retirement age; however, a significant difference by marital status emerges in that age group. Divorced and widowed individuals are less likely to hold a majority of their funds in stocks compared to married individuals in their sixties. While there exists a positive gap in stock holdings between married men and married women in their thirties, the gender gap is non‐existent among older individuals. Using paired data on stock holdings in the older birth cohort, we show that husbands' and wives' asset allocations in Individual Retirement Accounts are strongly correlated, coinciding with the lack of a gender gap in stock holdings among older couples. |
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Bibliography Citation
Mandal, Bidisha and Michael P. Brady. "The Roles of Gender and Marital Status on Risky Asset Allocation Decisions." Journal of Consumer Affairs 54,1 (Spring 2020): 177-197.
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