Do spouses coordinate their investment decisions in order to share risks?

Do spouses coordinate their investment decisions in order to share risks?

Do spouses coordinate their investment decisions in order to share risks?

Uccello

Cori E.

Uccello, Cori E.

Author

Author

text

working paper

Chestnut Hill, Mass. Center for Retirement Research at Boston College20002000monographic

Chestnut Hill, Mass.

Chestnut Hill, Mass.

Center for Retirement Research at Boston College

2000

2000

monographic

Englisheng

English

eng

electronicapplication/pdfborn digital

electronic

application/pdf

born digital

This paper uses the 1995 and 1998 Survey of Consumer Finances to examine 401(k) asset allocation behavior by individual and household characteristics, including spousal asset allocation behavior. The results provide evidence that, among married households in which each spouse has a 401(k) plan, spouses tend to invest their 401(k)s similarly rather than diversifying their holdings across spouses to share risks. The findings also point to the lack of diversification between 401(k) asset allocations and other household holdings. However, the results suggest that households can diversify in other ways, such as through a spouses earnings or through having an underlying defined benefit plan.

Cori E. Uccello.

CRR WP2000-9

CRR WP2000-9

CRR WP

2000-9

http://crr.bc.edu/images/stories/Working_Papers/wp_2000-09.pdf

MChBEnglisheng

MChB

Englisheng

English

eng