Sexual Orientation and Household Savings: Do Homosexual Couples Save More?
42 Pages Posted: 29 Jun 2010
There are 2 versions of this paper
Sexual Orientation and Household Savings: Do Homosexual Couples Save More?
Abstract
We analyze how sexual orientation is related to household savings using 2000 US Census data, and find that gay and lesbian couples own significantly more retirement income than heterosexuals, while cohabiting heterosexuals save more than their married counterparts. In a household savings model, we interpret this homosexual-specific differential as due to the extremely low fertility of same-sex couples, in addition to the precautionary motives driving cohabiting households to save more than married ones. Evidence from homeowners' ratio of mortgage payments to house value exhibits the same pattern of savings differentials by sexual orientation and cohabiting status.
Keywords: sexual orientation, household savings, retirement, housing
JEL Classification: D1, D12, J15, J16
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Labour Force Status and Sexual Orientation
By Karen Leppel
-
Female Labor Supply Differences by Sexual Orientation: A Semi-Parametric Decomposition Approach
-
Female Labor Supply Differences by Sexual Orientation: A Semi-Parametric Decomposition Approach
-
Sexual Orientation and Household Savings: Do Homosexual Couples Save More?
By Brighita Negrusa and Sonia Oreffice
-
Inter‐ and Intra‐Household Earnings Differentials Among Homosexual and Heterosexual Couples
By Ali M. Ahmed, Lina Andersson, ...