Marriage, Assets, and Savings

by Joseph Lupton, James P. Smith

Download eBook for Free

FormatFile SizeNotes
PDF file 1.6 MB

Use Adobe Acrobat Reader version 7.0 or higher for the best experience.

Abstract

This paper explores the relationship between household type and asset accumulation. Householders are distinguished principally along standard demographic lines — whether they marry, divorce, separate, or become widowed. Recently, new data have become available that place far more emphasis on the breadth and quality of asset measurement. One of these new surveys — the Health and Retirement Survey (HRS) — is ideal for depicting the nature and magnitude of wealth disparities across households. Wealth is one of the core modules, and, as a result, considerable survey resources and time were spent in improving the quality and inclusiveness of the asset information collected. Unfortunately, at the current time only baseline HRS data are available. To model the dynamic process of household accumulation, the 1984 and 1989 wealth modules of the Panel Study of Income Dynamics (PSID) are used.

Research conducted by

This report is part of the RAND Corporation draft series. The unrestricted draft was a product of the RAND Corporation from 1993 to 2003 that represented preliminary or prepublication versions of other more formal RAND products for distribution to appropriate external audiences. The draft could be considered similar to an academic discussion paper. Although unrestricted drafts had been approved for circulation, they were not usually formally edited or peer reviewed.

Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.