Search Results
Title: Desperation or Desire? The Role of Risk Aversion in Marriage
Resulting in 1 citation.
| 1. |
Spivey, Christy |
|
Desperation or Desire? The Role of Risk Aversion in Marriage Presented: New York, NY, Population Association of America Annual Meetings, March 29-31, 2007. Also: http://paa2007.princeton.edu/abstractViewer.aspx?submissionid=71472 Cohort(s): NLSY79 Publisher: Population Association of America Keyword(s): Age at First Marriage; Family Income; Gender Differences; Marriage; Modeling, Hazard/Event History/Survival/Duration; Risk-Taking; Siblings Permission to reprint the abstract has not been received from the publisher. The effect of an individual's risk aversion on time to marriage is examined using survival analysis. The financial risk aversion measure is based on a series of hypothetical gambles over family income that were offered to respondents of the National Longitudinal Survey of Youth 1979. A search model predicts that the more risk averse the individual, the shorter the time to first marriage. The estimates support the theory, indicating that risk aversion significantly affects time to marriage, with more risk averse respondents marrying sooner than their more risk loving counterparts. Within-family analyses using sibling data reveal a similar pattern. In addition, the effect of risk aversion on time to marriage is larger in magnitude and more statistically significant for men. One possible explanation for the different results between the sexes is that women value risk aversion as a desirable trait in potential mates. |
|
|
Bibliography Citation
Spivey, Christy. "Desperation or Desire? The Role of Risk Aversion in Marriage." Presented: New York, NY, Population Association of America Annual Meetings, March 29-31, 2007. |