Spousal Differences in Financial Risk Tolerance
Year: 2008
Type: preprint
Study design: Observational Study
Abstract: Differences in husbands’ and wives’ tolerance for financial risk were analyzed, including an investigation of demographic variables previously found to be significant between men and women in predicting financial risk tolerance. The sample consisted of 110 couples who completed a web-based survey designed to measure the financial risk tolerance of both husbands and wives. Although a positive relationship between wives’ risk tolerance and their level of education was consistent with previous results that indicated individuals with higher levels of formal education tend to possess higher levels of risk tolerance, findings also indicated that wives’ higher level of education was associated with a lower tolerance for risk among husbands. Further research and practice recommendations regarding couples’ risk tolerance assessment are provided.
Source: SSRN Electronic Journal
Authors: John Gilliam, Joseph Goetz, Vickie L. Hampton
Institutions: Texas Tech University, University of Georgia
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2172219637