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The Impact of Family Structure on Risk Attitudes and Financial Decisions during the Financial Crisis

Young family at home

Katja Hanewald and Fanny Kluge

Family Structures have changed profoundly in most developed countries in recent decades. Declining fertility and marriage rates and increasing divorce rates, together with longer life expectanies, make financial planning more challenging. Our study analyzes the impact of family structure on individual's attitudes toward risk and on their savings and investment decisions based on data from the German Socio-Economic Panel Study (SOEP) over the period 2004-2010.

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