Wealth holdings and portfolio allocation of the elderly: The role of marital history

Journal of Family and Economic Issues

Volumn 30, Issue 1, 2009, Pages 90-108

  Ulker, Aydogan ^a  

^a DEAKIN UNIVERSITY   (Australia)

Author keywords

Elderly; Marital history; Portfolio allocation; Wealth

Indexed keywords

EID: 59849127875     PISSN: 10580476     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10834-008-9139-2     Document Type: Article

References (69)

1. NE Adler T Boyce S Cohen S Folkman RL Kahn SL Syme 1994 Socioeconomic status and health: The challenge of the gradient American Psychologist 49 15 24
2. S Anderson JM Baland 2002 The economics of roscas and intrahousehold resource allocation Quarterly Journal of Economics 117 963 995
3. M Arends-Kuenning S Duryea 2006 The effect of parental presence, parents' education, and household headship on adolescents' schooling and work in Latin America Journal of Family and Economic Issues 27 263 286
4. F Baek G Hong 2004 Effects of family life-cycle stages on consumer debts Journal of Family and Economic Issues 25 359 385
5. BD Bernheim J Skinner S Weinberg 2001 What accounts for the variation in retirement wealth among US households? American Economic Review 91 832 857
6. SG Beverly AM McBride M Schreiner 2003 A framework of asset-accumulation stages and strategies Journal of Family and Economic Issues 24 143 156
7. S Bianchi L Subaiya J Kahn 1999 The gender gap in the economic well-being of nonresident fathers and custodial mothers Demography 36 195 203
8. M Browning PA Chiappori 1998 Efficient intrahousehold allocations: A general characterization and empirical tests Econometrica 66 1241 1278
9. RV Burkhauser GJ Duncan R Hauser R Bernsten 1990 Economic burdens of marital disruptions: A comparison of the United States and the Federal Republic of Germany Review of Income and Wealth 36 319 334
10. RV Burkhauser GJ Duncan R Hauser R Bernsten 1991 Wife or frau, women do worse: A comparison of the United States and Germany after marital dissolution Demography 22 353 360
11. KW Cha RO Weagley L Reynolds 2005 Parental borrowing for dependent children's higher education Journal of Family and Economic Issues 26 299 321
12. Y Chang KY Lee 2006 Household debt and marital instability: Evidence from the Korean Labor and Income Panel Study Journal of Family and Economic Issues 27 675 691
13. B Chaulk PJ Johnson R Bulcroft 2003 Effects of marriage and children on financial risk tolerance: A synthesis of family development and prospect theory Journal of Family and Economic Issues 24 257 279
14. KA Couch DR Lillard 1997 Divorce, educational attainment, and the earnings mobility of sons Journal of Family and Economic Issues 18 231 245
15. Cubeddu, L., & Rios-Rull, J. (1997). Marital risk and capital accumulation (Staff report no. 235). Minneapolis: Federal Reserve Bank of Minneapolis.
16. KC Daniels KD Rettig R Delmas 2006 Alternative formulas for distributing parental incomes at divorce Journal of Family and Economic Issues 27 4 26
17. J Dew 2007 Two sides of the same coin? The differing roles of assets and consumer debt in marriage Journal of Family and Economic Issues 28 89 104
18. Duflo, E., & Udry, C. (2004). Intrahousehold resource allocation in Cote d'Ivoire: Social norms, separate accounts and consumption choices (Working paper no. 10498). Cambridge, MA: National Bureau of Economic Research.
19. GJ Duncan SD Hoffman 1985 A reconsideration of the economic consequences of marital dissolution Demography 4 485 497
20. D Eldar-Avidan MM Haj-Yahia CW Greenbaum 2008 Money matters: Young adults' perception of the economic consequences of their parents' divorce Journal of Family and Economic Issues 29 74 85
21. JX Fan CD Zick 2006 Expenditure flows near widowhood Journal of Family and Economic Issues 27 335 353
22. MS Finke SJ Huston 2003 The brighter side of financial risk: Financial risk tolerance and wealth Journal of Family and Economic Issues 24 233 256
23. S Garasky SD Stewart 2007 Evidence of the effectiveness of child support and visitation: Examining food insecurity among children with nonresident fathers Journal of Family and Economic Issues 28 105 121
24. Garfinkel, I. (1992). Assuring child support. New York: Russell Sage Foundation.
25. IB Grafova 2007 Your money or your life: Managing health, managing money Journal of Family and Economic Issues 28 285 303
26. CG Gudmunson IF Beutler CL Israelsen JK McCoy EJ Hill 2007 Linking financial strain to marital instability: Examining the roles of emotional distress and marital interaction Journal of Family and Economic Issues 28 357 376
27. Guyer, J. (1997). Endowments and assets: The anthropology of wealth and the economics of intrahousehold allocation. In L. Haddad, et al. (Eds.), Intrahousehold resource allocation in developing countries: Models, methods, and policy (pp. 112-141). Baltimore: Johns Hopkins University Press.
28. CB Hatcher 2002 Wealth, reservation wealth, and the decision to retire Journal of Family and Economic Issues 23 167 187
29. Hoddinott, J., Alderman, H., & Haddad, L. (1997). Testing competing models of intrahousehold allocation. In L. Haddad, et al. (Eds.), Intrahousehold resource allocation in developing countries: Models, methods, and policy (pp. 129-141). Baltimore: Johns Hopkins University Press.
30. KC Holden PJ Smock 1991 The economic cost of marital disruption: Why do women bear a disproportionate cost? Annual Review of Sociology 17 51 78
31. Hurd, M. D. (2002). Portfolio holdings of the elderly. In L. Guiso (Ed.), Household portfolios (pp. 431-472). Cambridge: MIT Press.
32. WH Jeynes 2002 Examining the effects of parental absence on the academic achievement of adolescents: The challenge of controlling for family income Journal of Family and Economic Issues 23 189 210
33. NA Jianakoplos A Bernasek 2008 Family financial risk taking when the wife earns more Journal of Family and Economic Issues 29 289 306
34. Kezdi, G., & Willis, R. (2003). Who becomes a stockholder? Expectations, subjective uncertainty, and asset allocation (Research paper no. WP 2003-039). Ann Arbor, MI: Michigan Retirement Research Center.
35. H Kim SA DeVaney 2005 The selection of partial or full retirement by older workers Journal of Family and Economic Issues 26 371 394
36. Kreider, R., & Fields, J. (2002). Number, timing, and duration of marriages and divorces: 1996 (Current Population Reports no. pp. 70-80). Washington, DC: U.S. Bureau of the Census. Retrieved May 04, 2008, from http://www.census.gov/prod/2002pubs/p70-80.pdf.
37. CW Lai 2008 How retired households and households approaching retirement handle their equity investments in the United States Journal of Family and Economic Issues 29 601 622
38. YG Lee JM Lown DL Sharpe 2007 Predictors of holding consumer and mortgage debt among older Americans Journal of Family and Economic Issues 28 305 320
39. A Light M Ureta 2004 Living arrangements, employment status, and the economic well-being of mothers: Evidence from Brazil, Chile, and the U.S. Journal of Family and Economic Issues 25 301 334
40. LA Lillard Y Weiss 1996 Uncertain health and survival: Effect of end of life consumption Journal of Business and Economic Statistics 15 254 268
41. Lupton, J. P., & Smith, J. P. (2003). Marriage, assets, and savings. In S. A. Grossbard-Shechtman (Ed.), Marriage and the economy (pp. 129-152). New York: Cambridge University Press.
42. Lusardi, A. (1999). Information, expectations, and savings for retirement. In H. J. Aaron (Ed.), Behavioral dimensions of retirement economics (pp. 81-124). Washington, D.C: Brookings Institution Press.
43. TA Mauldin Y Mimura 2007 Marrying, unmarrying, and poverty dynamics among mothers with children living at home Journal of Family and Economic Issues 28 566 582
44. M McKeever N Wolfinger 2001 Reexamining the economic costs of marital disruption for women Social Science Quarterly 82 202 217
45. PA McManus TA Di-Prete 2001 Losers and winners: The financial consequences of separation and divorce for men American Sociological Review 66 246 268
46. CB Meeks SY Nickols AL Sweaney 1999 Demographic comparisons of aging in five selected countries Journal of Family and Economic Issues 20 223 250
47. SJ Moon SH Joung 1997 Expenditure patterns of divorced single-mother families and two-parent families in South Korea Journal of Family and Economic Issues 18 147 162
48. KA Moore DR Morrison DA Glei 1995 Welfare and adolescent sex: The effects of family history, benefit levels, and community context Journal of Family and Economic Issues 16 207 237
49. B O'Neill 2007 Overcoming inertia: Do automated saving and investing strategies work? Journal of Family and Economic Issues 28 321 335
50. M Page AH Stevens 2004 The economic consequences of absent parents Journal of Human Resources 39 80 107
51. S Pandey J Kim 2008 Path to poverty alleviation: Marriage or postsecondary education? Journal of Family and Economic Issues 29 166 184
52. M Perry-Jenkins S Gillman 2000 Parental job experiences and children's well-being: The case of two-parent and single-mother working-class families Journal of Family and Economic Issues 21 123 147
53. R Peterson 1996 The economic consequences of divorce: A re-evaluation of Lenore Weitzman's The Divorce Revolution American Sociological Review 61 528 536
54. Poterba, J., & Samwick, A. (1997). Household portfolio allocation over the life cycle (Working paper no. 6185). Cambridge, MA: National Bureau of Economic Research.
55. Poterba, J., & Samwick, A. (1999). Taxation and household portfolio composition: U.S. evidence from the 1980s and 1990s (Working paper no. 7392). Cambridge, MA: National Bureau of Economic Research.
56. H Rosen S Wu 2004 Health status and portfolio choice Journal of Financial Economics 72 457 484
57. DG Schramm 2006 Individual and social costs of divorce in Utah Journal of Family and Economic Issues 27 133 151
58. Scoon-Rogers, L., & Lester, G. H. (1995). Child support for custodial mothers and fathers:1991 (Current Population Reports no. pp. 60-187). Washington, D.C: U.S. Bureau of the Census. Retrieved May 04, 2008, from http://www2.census.gov/prod2/popscan/p60-187.pdf.
59. DT Slesnick 2002 Prices and regional variation in welfare Journal of Urban Economics 51 446 468
60. JP Smith 1999 Healthy bodies and thick wallets: The dual relation between health and economic status Journal of Economic Perspectives 13 145 166
61. PJ Smock 1993 The economic costs of marital disruption for young women over the past two decades Demography 30 353 371
62. PJ Smock 1994 Gender and the short-run economic consequences of marital disruption Social Forces 73 243 262
63. J Spratlin K Holden 2000 Women and economic security in retirement: Implications for Social Security Reform Journal of Family and Economic Issues 21 37 63
64. Y Su 2008 Looking beyond retirement: Patterns and predictors of formal end-of-life planning among retirement age individuals Journal of Family and Economic Issues 29 654 673
65. S Wakita VS Fitzsimmons TF Liao 2000 Wealth: Determinants of savings net worth and housing net worth of pre-retired households Journal of Family and Economic Issues 21 387 418
66. Wilkinson, R. G. (1996). Unhealthy societies: The afflictions of inequality. London: Routledge.
67. J Wilmoth G Koso 2002 Does marital history matter? Marital status and wealth outcomes among pre-retirement adults Journal of Marriage and Family 64 254 268
68. D Wise S Venti 1998 The cause of wealth dispersion at retirement: Choice or chance? American Economic Review 88 185 191
69. JJ Xiao JG Anderson 1997 Hierarchical financial needs reflected by household financial asset shares Journal of Family and Economic Issues 18 333 355