The Spouse Effect on Participation and Investment Decisions for Retirement Funds

13 Pages Posted: 30 May 2018 Last revised: 7 Aug 2019

See all articles by Jamie Sung

Jamie Sung

Independent

Sherman D. Hanna

Ohio State University (OSU)

Date Written: 1998

Abstract

Worker decisions on retirement account participation and their investment choices for retirement accounts play an important role in post-retirement income. The interaction between the decisions of husbands and wives was investigated by using a bivariate probit model with a spouse effect. There were a positive spouse effects on the two decisions in households where both spouses were working. When marital status and working status were controlled, no significant gender difference in the decisions was found. Risk tolerance and the expected time horizon until retirement are important factors in the investment decision as expected.

Keywords: Stock Investments, Retirement Planning, Risk Tolerance, Survey of Consumer Finances, Gender Differences

JEL Classification: D14, D91, E21, G11, J16

Suggested Citation

Sung, Jamie and Hanna, Sherman D., The Spouse Effect on Participation and Investment Decisions for Retirement Funds (1998). Journal of Financial Counseling and Planning, Vol. 9, No. 2, 1998. Available at SSRN: https://ssrn.com/abstract=3180826

Jamie Sung

Independent ( email )

No Address Available

Sherman D. Hanna (Contact Author)

Ohio State University (OSU) ( email )

1787 Neil Avenue
Campbell 265D
Columbus, OH 43210
United States
614-292-4584 (Phone)

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