Journal of Family and Economic Issues

, Volume 31, Issue 2, pp 121–137

Marriage and the Allocation of Assets in Women’s Defined Contribution Plans

Original Paper

DOI: 10.1007/s10834-010-9191-6

Cite this article as:
Yilmazer, T. & Lyons, A.C. J Fam Econ Iss (2010) 31: 121. doi:10.1007/s10834-010-9191-6

Abstract

The goal of this paper is to understand the effect of family decision-making on the investment decisions of married men and women. Using data from the Survey of Consumer Finances, we investigate how the spouse’s relative control over financial resources in the household and the life-cycle stage affect the investment choices of married women and men. The results show that married women who have more control over the financial resources are less likely to invest their Defined Contribution Plans (DCPs) in risky assets. Also, women who are married to relatively older men are less likely to take on risk with their DCPs. There is little evidence that the wife’s characteristics affect the investment decisions of married men.

Keywords

GenderFinancial decision-makingInvestment choiceRisk aversion

Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of Personal Financial PlanningUniversity of MissouriColumbiaUSA
  2. 2.Department of Agricultural and Consumer EconomicsUniversity of Illinois at Urbana-ChampaignUrbanaUSA