Gender and Marital Differences in Wealth and Investment Decisions: Implications for Researchers, Financial Professionals, and Educators

Networks Financial Institute Working Paper No. 2008-WP-02

29 Pages Posted: 20 Mar 2008  

Angela C. Lyons

University of Illinois at Urbana-Champaign

Urvi Neelakantan

Federal Reserve Banks - Federal Reserve Bank of Richmond

Erik Scherpf

University of Illinois at Urbana-Champaign

Date Written: March 1, 2008

Abstract

Wealth is an important source of financial well-being and investment is an important vehicle to accumulate wealth. A large body of literature has focused on analyzing the systematic differences in wealth and investment behavior across gender and marital states. This paper provides a broad overview of the extant research and its implications for researchers, financial professionals, and educators.

Keywords: Wealth, investments, risk tolerance, portfolio allocation, household bargaining, financial education

JEL Classification: D13, D14, J1, G11

Suggested Citation

Lyons, Angela C. and Neelakantan, Urvi and Scherpf, Erik, Gender and Marital Differences in Wealth and Investment Decisions: Implications for Researchers, Financial Professionals, and Educators (March 1, 2008). Networks Financial Institute Working Paper No. 2008-WP-02. Available at SSRN: https://ssrn.com/abstract=1109103 or http://dx.doi.org/10.2139/ssrn.1109103

Angela C. Lyons (Contact Author)

University of Illinois at Urbana-Champaign ( email )

421 Mumford Hall, 1301 W Greogry Dr
Urbana, IL 61801
United States
217-244-2612 (Phone)
217-333-5538 (Fax)

Urvi Neelakantan

Federal Reserve Banks - Federal Reserve Bank of Richmond ( email )

P.O. Box 27622
Richmond, VA 23261
United States

Erik Scherpf

University of Illinois at Urbana-Champaign ( email )

601 E John St
Champaign, IL 61820
United States

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