Marriage and Other Risky Assets: A Portfolio Approach

摘要: We study the joint impact of gender and marital status on financial decisions. First, we test hypothesis that marriage represents - in a portfolio framework sort safe asset, this effect is stronger for women. Controlling number observable characteristics, show single women have lower propensity to invest risky assets than married females males. Second, differential behavior evolves over time, reflecting increasing incidence divorce expansion female labor market participation. In particular, towards end our sample period, observe reduction gap between with different family status, which can be attributed gradual erosion perception as asset. Our results therefore suggest vs. explained by evolution roles society, even after controlling risk attitudes. empirical investigation based dataset drawn from 1989-2006 Bank Italy Survey Household Income Wealth.