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Family Composition and Investment in Household Capital: Contrasts in the Behavior of the Husband‐Wife and Female‐Headed Households
Author(s) -
ZICK CATHLEEN D.,
GERNER JENNIFER L.
Publication year - 1987
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.1987.tb00186.x
Subject(s) - wife , investment (military) , portfolio , economics , human capital , demographic economics , labour economics , capital (architecture) , financial economics , economic growth , geography , political science , archaeology , politics , law
This paper estimates a portfolio model that includes investment in human capital, as well as traditional investments of housing, financial assets, and automobiles, and that contrasts portfolios of husband‐wife households with female‐headed households. Female headed households adjust their portfolios to disequilibria in various stocks more slowly than husband‐wife households.