Disability Type, Financial Capability, and Risky Asset Holding

14 Pages Posted: 30 Nov 2018

See all articles by Jing Jian Xiao

Jing Jian Xiao

University of Rhode Island

Barbara O'Neill

Rutgers University - Rutgers Cooperative Extension

Date Written: November 6, 2018

Abstract

The purpose of this study is to examine whether disability type and financial capability are associated with risky asset holding of adults with disabilities. Using data from the 2015 National Financial Capability Study, we find that adults with different types of disabilities have different chances of holding risky assets. After controlling for financial capability and other variables in the logistical model, people with a work disability are still less likely to hold risky financial assets than the deaf (reference category). In addition, two financial capability variables, objective financial knowledge and desirable financial behavior, are positively associated with risky asset holding.

Keywords: Disability, Financial Capability, National Financial Capability Study, Risky Asset Holding

JEL Classification: G11, D14

Suggested Citation

Xiao, Jing Jian and O'Neill, Barbara, Disability Type, Financial Capability, and Risky Asset Holding (November 6, 2018). Available at SSRN: https://ssrn.com/abstract=3279851 or http://dx.doi.org/10.2139/ssrn.3279851

Jing Jian Xiao (Contact Author)

University of Rhode Island ( email )

Transition Center
Kingston, RI 02881
United States
401-874-2547 (Phone)
401-874-4020 (Fax)

HOME PAGE: http://www.uri.edu/hss/hdf/faculty/JingJXiao.htm

Barbara O'Neill

Rutgers University - Rutgers Cooperative Extension ( email )

55 Dudley Road
New Brunswick, NJ 0801-8520
United States

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