Effects of Family Income and Life Cycle Stages on Financial Asset Ownership

FINANCIAL COUNSELING AND PLANNING

Posted: 16 Apr 1997

Abstract

This study investigated the effects of income and life cycle variables on the ownership of eleven household held financial assets, using the 1989 Survey of Consumer Finance. Logistic regression indicated that life cycle variables, such as household head's age, marital status, employment status, and child's presence, influenced ownership of 11 financial assets. The results can be used to construct various family life cycle scenarios to improve educational and business programs in financial planning and counseling.

JEL Classification: D91

Suggested Citation

Xiao, Jing Jian, Effects of Family Income and Life Cycle Stages on Financial Asset Ownership. FINANCIAL COUNSELING AND PLANNING, Available at SSRN: https://ssrn.com/abstract=8283

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

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,256
PlumX Metrics