The Saving Behaviour of a Two Person Household

Research output: Contribution to journalJournal articleResearchpeer-review

The facts that wives are typically younger than their husbands and that women typically live longer than men imply that wives may have more incentive to save for old age than do husbands. A theoretical model of the determination of household saving and portfolio choice is introduced which takes into account differences in preferences for saving. The most important result is that the level and the composition (portfolio) of saving and the time path of consumption are dependent on the distribution of income within the household
Original languageEnglish
JournalScandinavian Journal of Economics
Issue number2
Pages (from-to)235-251
Publication statusPublished - 2000

ID: 148828