EconPapers    
Economics at your fingertips  
 

The Effects of Marital Status and Children on Savings and Portfolio Choice

David Love (dlove@williams.edu)

The Review of Financial Studies, 2010, vol. 23, issue 1, 385-432

Abstract: This paper investigates the impact of demographic shocks on optimal decisions about saving, life insurance, and, most centrally, asset allocation. The analysis indicates that marital-status transitions can have important effects on optimal household decisions, particularly in the cases of widowhood and divorce. Children also play a fundamental role in portfolio choice; in addition to leading to substantially different average allocations, they also have strong interaction effects with changes in marital status. Panel data evidence on stockholding suggests that changes in marital status and children matter empirically as well, but not always in the manner that the model predicts. The Author 2009. Published by Oxford University Press on behalf of The Society for Financial Studies. All rights reserved. For Permissions, please e-mail: journals.permissions@oxfordjournals.org., Oxford University Press.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (118)

Downloads: (external link)
http://hdl.handle.net/10.1093/rfs/hhp020 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The Effect of Marital Status and Children on Savings and Portfolio Choice (2008) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:rfinst:v:23:y:2010:i:1:p:385-432

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

The Review of Financial Studies is currently edited by Itay Goldstein

More articles in The Review of Financial Studies from Society for Financial Studies Oxford University Press, Journals Department, 2001 Evans Road, Cary, NC 27513 USA.. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press (joanna.bergh@oup.com).

 
Page updated 2024-12-26
Handle: RePEc:oup:rfinst:v:23:y:2010:i:1:p:385-432