IDEAS home Printed from https://ideas.repec.org/a/eee/soceco/v37y2008i2p592-611.html
   My bibliography  Save this article

Control over money and the savings decisions of Canadian households

Author

Listed:
  • Phipps, Shelley
  • Woolley, Frances

Abstract

In most countries, men have more life insurance than women, and are more likely to be members of employer pension plans. However, little is known about savings behaviour within households, for example, the name under which assets are held. Private savings could counterbalance or exacerbate inequality in other forms of pension access. This is important both in itself and as a determinant of future bargaining power of spouses. In this paper, we use a unique dataset to study the effect of women's and men's control over finances on the probability of each spouse contributing to tax-sheltered Registered Retirement Savings Plans (RRSP).

Suggested Citation

  • Phipps, Shelley & Woolley, Frances, 2008. "Control over money and the savings decisions of Canadian households," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(2), pages 592-611, April.
    • Handle: RePEc:eee:soceco:v:37:y:2008:i:2:p:592-611
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/B6W5H-4N2DRJX-2/1/f156260157312b379765dc8ac113f567
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Frances Woolley, 2004. "Why Pay Child Benefits to Mothers?," Canadian Public Policy, University of Toronto Press, vol. 30(1), pages 47-69, March.
    2. Hoddinott, John & Haddad, Lawrence, 1995. "Does Female Income Share Influence Household Expenditures? Evidence from Cote d'Ivoire," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 57(1), pages 77-96, February.
    3. Chen, Zhiqi & Woolley, Frances, 2001. "A Cournot-Nash Model of Family Decision Making," Economic Journal, Royal Economic Society, vol. 111(474), pages 722-748, October.
    4. Shelley A. Phipps & Peter S. Burton, 1998. "What’s Mine is Yours? The Influence of Male and Female Incomes on Patterns of Household Expenditure," Economica, London School of Economics and Political Science, vol. 65(260), pages 599-613, November.
    5. Bina Agarwal, 1997. "''Bargaining'' and Gender Relations: Within and Beyond the Household," Feminist Economics, Taylor & Francis Journals, vol. 3(1), pages 1-51.
    6. Lundberg, Shelly & Pollak, Robert A, 1993. "Separate Spheres Bargaining and the Marriage Market," Journal of Political Economy, University of Chicago Press, vol. 101(6), pages 988-1010, December.
    7. Mukesh Eswaran & Ashok Kotwal, 2004. "A theory of gender differences in parental altruism," Canadian Journal of Economics, Canadian Economics Association, vol. 37(4), pages 918-950, November.
    8. René Morissette & Marie Drolet, 2001. "Pension coverage and retirement savings of young and prime-aged workers in Canada, 1986-1997," Canadian Journal of Economics, Canadian Economics Association, vol. 34(1), pages 100-119, February.
    9. Sunden, Annika E & Surette, Brian J, 1998. "Gender Differences in the Allocation of Assets in Retirement Savings Plans," American Economic Review, American Economic Association, vol. 88(2), pages 207-211, May.
    10. Shelly J. Lundberg & Robert A. Pollak & Terence J. Wales, 1997. "Do Husbands and Wives Pool Their Resources? Evidence from the United Kingdom Child Benefit," Journal of Human Resources, University of Wisconsin Press, vol. 32(3), pages 463-480.
    11. William E. Even & David A. Macpherson, 1994. "Gender Differences in Pensions," Journal of Human Resources, University of Wisconsin Press, vol. 29(2), pages 555-587.
    12. Agarwal, Bina, 1997. "Bargaining and gender relations: within and beyond the household," FCND discussion papers 27, International Food Policy Research Institute (IFPRI).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kumar, Sumit & Patel, Ratna & Chauhan, Shekhar, 2020. "Does land possession among working women empower them and improve their child health: A study based on National Family Health Survey-4," Children and Youth Services Review, Elsevier, vol. 119(C).
    2. Shoshana Amyra Grossbard & Alfredo Marvão Pereira, 2013. "Savings and Economies of Marriage: Intra-Marriage Financial Distributions as Determinants of Savings," Working Papers 95, Department of Economics, College of William and Mary.
    3. Shoshana Amyra Grossbard & Alfredo Marvao Pereira & Shoshana Grossbard, 2010. "Will Women Save more than Men? A Theoretical Model of Savings and Marriage," CESifo Working Paper Series 3146, CESifo.
    4. Susanne Elsas, 2013. "Pooling and Sharing Income within Households: A Satisfaction Approach," SOEPpapers on Multidisciplinary Panel Data Research 587, DIW Berlin, The German Socio-Economic Panel (SOEP).
    5. Jens Bonke & Martin Browning, 2009. "Pooling of Income and Sharing of Consumption within Households," CAM Working Papers 2009-09, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics.
    6. repec:zbw:rwirep:0258 is not listed on IDEAS
    7. Matthias Keese, 2011. "Thrifty Wives and Lavish Husbands? – Bargaining Power and Financial Dicisions in Germany," Ruhr Economic Papers 0258, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    8. Jaanika Meriküll & Merike Kukk & Tairi Rõõm, 2021. "What explains the gender gap in wealth? Evidence from administrative data," Review of Economics of the Household, Springer, vol. 19(2), pages 501-547, June.
    9. Keese, Matthias, 2011. "Thrifty Wives and Lavish Husbands? – Bargaining Power and Financial Dicisions in Germany," Ruhr Economic Papers 258, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    10. Katherine Grace Carman & Angela A. Hung, 2017. "Household Retirement Saving The Location of Savings Between Spouses," Working Papers WR-1166, RAND Corporation.
    11. Merike Kukk & W. Fred Raaij, 2022. "Joint and Individual Savings within Families: Evidence from Bank Accounts," Journal of Family and Economic Issues, Springer, vol. 43(3), pages 511-533, September.
    12. Aylit Romm, 2015. "The Effect of Retirement Date Expectations on Pre-retirement Wealth Accumulation: The Role of Gender and Bargaining Power in Married US Households," Journal of Family and Economic Issues, Springer, vol. 36(4), pages 593-605, December.
    13. Fernandes, Inês & Schmidt, Tobias, 2021. "Household bargaining, pension contributions and retirement expectations: Evidence from the German Panel on Household Finances," Discussion Papers 44/2021, Deutsche Bundesbank.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Matthias Doepke & Michèle Tertilt, 2019. "Does female empowerment promote economic development?," Journal of Economic Growth, Springer, vol. 24(4), pages 309-343, December.
    2. Tanika Chakraborty & Sukkoo Kim, 2008. "Caste, Kinship and Sex Ratios in India," NBER Working Papers 13828, National Bureau of Economic Research, Inc.
    3. Dirk Bethmann & Robert Rudolf, 2018. "Happily ever after? Intrahousehold bargaining and the distribution of utility within marriage," Review of Economics of the Household, Springer, vol. 16(2), pages 347-376, June.
    4. Clémentine Sadania, 2016. "Working and Women’s Empowerment in the Egyptian Household: The Type of Work and Location Matter," Working Papers halshs-01525220, HAL.
    5. Donni, Olivier & Molina, José Alberto, 2018. "Household Collective Models: Three Decades of Theoretical Contributions and Empirical Evidence," IZA Discussion Papers 11915, Institute of Labor Economics (IZA).
    6. Tansel Yilmazer & Stephen Lich, 2015. "Portfolio choice and risk attitudes: a household bargaining approach," Review of Economics of the Household, Springer, vol. 13(2), pages 219-241, June.
    7. Pareena G. Lawrence & Marakah Mancini, 2008. "La toma de decisiones de los hogares en Venezuela," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 10(18), pages 213-239, January-J.
    8. Astrid Sneyers & Anneleen Vandeplas, 2013. "Girl Power in Agricultural Production: How Much Does it Yield? A Case-Study on the Dairy Sector in India," Working Papers id:5562, eSocialSciences.
    9. Malapit, Hazel Jean L., 2012. "Why do spouses hide income?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 584-593.
    10. Laurens CHERCHYE & Thomas DEMUYNCK & Bram DE ROCK, 2010. "Noncooperative household consumption with caring," Working Papers of Department of Economics, Leuven ces10.34, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    11. Sara Cantillon & Bertrand Maître & Dorothy Watson, 2016. "Family Financial Management and Individual Deprivation," Journal of Family and Economic Issues, Springer, vol. 37(3), pages 461-473, September.
    12. Sandrine A. Koissy-Kpein, 2015. "Gender-based violence and gender bias in schooling decision: Evidence from sub-Saharan Africa," WIDER Working Paper Series wp-2015-107, World Institute for Development Economic Research (UNU-WIDER).
    13. Xu, Zeyu, 2007. "A survey on intra-household models and evidence," MPRA Paper 3763, University Library of Munich, Germany.
    14. Sandrine A. Koissy-Kpein, 2015. "Gender-based violence and gender bias in schooling decision: Evidence from sub-Saharan Africa," WIDER Working Paper Series 107, World Institute for Development Economic Research (UNU-WIDER).
    15. M. Fafchamps & A. R. Quisumbing, 2002. "Control and Ownership of Assets Within Rural Ethiopian Households," Journal of Development Studies, Taylor & Francis Journals, vol. 38(6), pages 47-82.
    16. Walther, Selma, 2018. "Noncooperative decision making in the household: Evidence from Malawi," Journal of Development Economics, Elsevier, vol. 134(C), pages 428-442.
    17. Michael Bittman & Paula England & Nancy Folbre & George Matheson, 2001. "When Gender Trumps Money: Bargaining and Time in Household Work," JCPR Working Papers 221, Northwestern University/University of Chicago Joint Center for Poverty Research.
    18. Aísa, R. & Andaluz, J. & Larramona, G., 2011. "How does bargaining power affect remittances?," Economic Modelling, Elsevier, vol. 28(1), pages 47-54.
    19. repec:lic:licosd:34113 is not listed on IDEAS
    20. So Yoon Ahn & Yu Kyung Koh, 2022. "Spousal Bargaining Power and Consumption of Married Couples in the US: Evidence from Scanner Data," Working Papers 2022-010, Human Capital and Economic Opportunity Working Group.
    21. Stephanie Seguino, 2005. "All Types of Inequality are Not Created Equal: Divergent Impacts of Inequality on Economic Growth," Economics Working Paper Archive wp_433, Levy Economics Institute.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:soceco:v:37:y:2008:i:2:p:592-611. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620175 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.