Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/university-of-wisconsin-press/aging-and-strategic-learning-the-impact-of-spousal-incentives-on-AHrGPpgg2t
References
References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.
- Publisher
- University of Wisconsin Press
- Copyright
- ©by the Board of Regents of the University of Wisconsin System
- ISSN
- 1548-8004
Abstract
<p> Women tend to be less financially literate than men, consistent with a division of labor where husbands manage finances. However, women tend to outlive their husbands. I find that older women acquire financial literacy as they approach widowhood—80 percent would catch up with their husbands by the expected onset of widowhood. These gains are not attributable to husbands’ cognitive decline, as captured by cognition tests. The results are consistent with a model in which the division of labor collapses when a spouse dies: Women have incentives to delay acquiring financial human capital but also to begin learning before widowhood. </p>
Journal
Journal of Human Resources – University of Wisconsin Press
Published: Nov 22, 2016