Gender and Marital Differences in Wealth and Investment Decisions: Implications for Researchers, Financial Professionals, and Educators

Lyons, Angela C.; Neelakantan, Urvi; Scherpf, Erik

doi:10.2139/ssrn.1109103

Cited by 8 publications

(5 citation statements)

References 40 publications

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“…Bargaining frameworks based on the seminal works of Nash (1950) and Rubinstein (1982) have been applied in studies of the distribution of gains from marriage (Manser and Brown 1980; McElroy and Horney 1981), spending on clothing, food, alcohol or tobacco (Lundberg, Pollak, and Wales 1997; Lundberg and Pollak 2003; Phipps and Burton 1998; Ward‐Batts 2008), fertility and labor supply decisions (Schultz 1990), health outcomes (Thomas 1990) and time spent by spouses on leisure and chores (Friedberg and Webb, unpublished manuscript). Bargaining models also offer noteworthy explanations of household financial decisions, including charitable giving (Andreoni et al 2003), saving for retirement (Lyons et al 2007, Yilmazer and Lyons 2010) and investing and asset allocation (Friedberg and Webb 2006; Hotchkiss 2005; Lyons, Neelakantan, and Scherpf 2008).…”

Section: Introductionmentioning

confidence: 97%

Family Decision Making and Resource Protection Adequacy

Babiarz

Robb

Woodyard

2012

Journal of Consumer Affairs

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This study examines the correlation between resource protection and the intrahousehold distribution of bargaining power. Using data from the Health and Retirement Study, the analysis quantifies potential changes in the surviving individual's living standard to evaluate the adequacy of resource protection. Individuals who generate a larger share of family income, are more financially knowledgeable, or have the "final say" in family decisions leverage their bargaining power to secure higher protection of their hypothetical widowhood living standard. Consequently, spouses with more bargaining power are less likely to experience declines of their living standard in the event of their spouse passing away and are more likely to be overprotected.

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Section: Introductionmentioning

confidence: 97%

Family Decision Making and Resource Protection Adequacy

Babiarz

Robb

Woodyard

2012

Journal of Consumer Affairs

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“…This group of investors seems to make passive investments that are not motivated by self-reliance and overconfidence, invest in long-term capital formation, try to ensure the financial security of their family, make joint financial decisions, and are not impulsive with their decisions. Intrahousehold bargaining, risk aversion, and the long-term security of investments can explain the reasons for the preference for formal financial advice (Reiter-Gavish et al 2021;Lyons et al 2008;Sivasankaran and Selvakrishnan 2023;Arti and Sunita 2011).…”

Section: Discussionmentioning

confidence: 99%

Information Sources for Investment Decisions: Evidence from Japanese Investors

Lal,

Sulemana,

Nguyen

et al. 2023

IJFS

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Although the traditional sources of financial knowledge in Japan are financial advisors and investment groups, the digital era and artificial intelligence have made other sources of information, such as social media and mass media, more influential. As such, it has become important to examine the socioeconomic, demographic, and psychological factors influencing the use of these information sources in the context of investment decisions. However, little research has been carried out to examine such associations using a large-scale nationwide dataset. We fill this gap by utilizing a dataset comprising almost 65,000 active investors from one of the largest online security companies in Japan, ensuring the representativeness and generalizability of our results. We show that active investors are more inclined to use social media and mass media than financial advisors and investment groups. The probit regression model shows that the use of each of the four sources of information is strongly shaped by an individual’s characteristics, which, to some extent, are not mutually exclusive for each source type. The study results imply that the government should regulate and monitor the quality and accuracy of the information disseminated by mass media and social media and educate investors on how to critically evaluate and verify the information that they receive.

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“…The positive sign of the coefficient conforms to the a priori expectation, implying that if a marketer is married, his/her level of investment in the marketing of value-added products of yam increases by ₦15,746.21. The increase in the level of investment decision among married marketers could be attributed to the difference in wealth between singles and married persons which is more on the side of married couples than single persons (Lyons et al, 2011). There is a positive relationship between wealth and investment.…”

Section: Determinants Of Investment Decision and Level Of Investment ...mentioning

confidence: 99%

Investment decision and level of investment in marketing of value-added products of yam and cassava in Benue State, Nigeria

Okeke¹,

Salami²,

Nkemjika³

2023

Agro-Sci.

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The supply gap of value-added products of yam and cassava in Nigeria has continued to widen and modeling investment in marketing of these products using Double Hurdle model is non-existence in literature. The study thus investigated factors influencing investment decision and level of investment in the marketing of valueadded products of yam and cassava in Benue State, Nigeria, using Double Hurdle model. Data were collected through structured questionnaire from 300 marketers of value-added products of yam and cassava, selected via multi-stage random sampling technique. The collected data were analyzed using descriptive statistics and Double Hurdle model. The results revealed that marketers of these products in the study area were mostly married females with moderate household size, literate, young, non-member of cooperatives, experienced, and had access to credit with akpu/fufu as the most marketed product among the marketers. Estimates of the Double Hurdle model revealed that sex, marital status, age, and membership of cooperatives were the factors influencing investment decision in the marketing of these products while sex, marital status, level of education, age, membership of cooperatives, return, and credit received were the factors influencing level of investment in the marketing of these products. In identifying factors that significantly influence investment decision and level of investment in the marketing of these products, this study provides an empirical contribution to the existing literature. It was recommended that policies geared towards increasing the level of investment in the marketing of these products should take into consideration the socio-economic characteristics of the marketers.

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Gender and Marital Differences in Wealth and Investment Decisions: Implications for Researchers, Financial Professionals, and Educators

Cited by 8 publications

References 40 publications

Family Decision Making and Resource Protection Adequacy

Family Decision Making and Resource Protection Adequacy

Information Sources for Investment Decisions: Evidence from Japanese Investors

Investment decision and level of investment in marketing of value-added products of yam and cassava in Benue State, Nigeria

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