Money and Marriage? How Marital Dynamics and Gender Differences in Risk Affect Financial Portfolio Composition Choices

Avni Shah, Duke University, USA
Howard Kung, University of British Columbia, Canada
Jawad M. Addoum, University of Miami, USA
How do marital status and gender affect financial portfolio choices? Data from 9,000 US households and three experiments demonstrate that women make safer asset choices when single, divorced, and when receiving an income shock while married as compared to men. These results are mediated by perceptions of future financial certainty.
[ to cite ]:
Avni Shah, Howard Kung, and Jawad M. Addoum (2013) ,"Money and Marriage? How Marital Dynamics and Gender Differences in Risk Affect Financial Portfolio Composition Choices", in NA - Advances in Consumer Research Volume 41, eds. Simona Botti and Aparna Labroo, Duluth, MN : Association for Consumer Research.