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2022 Annual Conference

du 19 au 21 May 2022

Sheraton Sand Key, Clearwater Beach, FL, US

Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.

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Confirm your place in the schedule by going to the ACCI Presenter Confirm Google Sheet and marking your session with the name and email address of the author who will be attending and presenting. Each presentation must have a separate paid registraint. Contact the ACCI Office immedicately by email at admin@consumerinterests.org to report a conflict or if you have questions. Please be sure to reference the session title(s), date(s), and time(s) if you contact us.

A3c How Does Annuity Ownership Influence a Household’s Stock Market Participation Across Industries?

jeudi 19 mai 2022 à 15:30–17:00 EDT
Room 3
Key Words

HouseholdAssetAllocarion, Annuity, Unemployment, LaborIncomeRisk

Short Description

When studying households' asset allocation decisions over equities, fixed income assets, and annuities, it is important to incorporate the uninsurable labor income risk. This study combines individual household data with the aggregative industry unemployment data to explore how the relationship between households' annuity ownership and their stock market participation depending on the labor income risk associated with their job industries. Results indicate that the industry-related unemployment rate is more of a barrier to investing in the stock market for non-annuity owners.

Submitter

Qi Sun, Texas Tech University

Authors

Qi Sun, Texas Tech University/Pacific Life
Chargement en cours …