The Portfolio Choices of Hispanic Couples

29 Pages Posted: 17 Jan 2006

See all articles by Deborah A. Cobb-Clark

Deborah A. Cobb-Clark

School of Economics, University of Sydney; IZA Institute of Labor Economics

Vincent A. Hildebrand

York University - Department of Economics; CEPS/INSTEAD

Date Written: January 2006

Abstract

This paper analyzes the portfolio allocations of couple-headed, Hispanic families using Survey of Income and Program Participation (SIPP) data. Our results reveal that Hispanic couples as a group are less wealthy than otherwise similar white couples, although there is substantial variation across Hispanic-origin groups. Much of the disparity in portfolio choices of Hispanics relative to whites appears to stem from these lower wealth levels. Accounting for these wealth disparities, Hispanic couples hold less financial wealth, but more real estate and business equity than do white couples.

Keywords: Portfolio choices, Hispanic

JEL Classification: J61, G11, J10

Suggested Citation

Cobb-Clark, Deborah A. and Hildebrand, Vincent Alexandre, The Portfolio Choices of Hispanic Couples (January 2006). IZA Discussion Paper No. 1948. Available at SSRN: https://ssrn.com/abstract=876389

Deborah A. Cobb-Clark (Contact Author)

School of Economics, University of Sydney ( email )

606 Social Sciences Bldg. (A02)
The University of Sydney
Sydney, NSW 2006
Australia
61435061387 (Phone)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Vincent Alexandre Hildebrand

York University - Department of Economics ( email )

363 York Hall
Glendon College
Toronto, Ontario, M4N 3M6
Canada
416-736-2100 x 88591 (Phone)
416-487-6852 (Fax)

CEPS/INSTEAD ( email )

B.P.48
Differdange, L-4620
Luxembourg

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