Centre for Policy on Ageing



Taking risks in investing in the equity market — racial and ethnic differences
Author(s)	Martha N Ozawa, Yat-Sang Lum
Journal title	Journal of Aging & Social Policy, vol 12, no 3, 2001
Pages	pp 1-22
Source	http://www.tandfonline.com
Keywords	Investments [elderly] ; Financial markets ; Ethnic groups ; United States of America.
Annotation	Some policy-makers and policy analysts have proposed that Social Security in the US should be privatised to enable participants to achieve higher returns through investment in the stock market. How well individual retirees would fare financially under a privatised system largely depends on their decision to invest in the equity market, rather than in other means of investment. For that reason, it is important to investigate the degree to which ethnic minorities are currently investing in the market. This article presents the findings of a study comparing the investment behaviour of black and Hispanic people aged 51 to 61 with the investment behaviour of their white counterparts. Blacks and Hispanics are less likely to invest in the equity market than whites, and tend to invest smaller percentages of their assets in the equity market. (RH).
Accession Number	CPA-010926201 A
Classmark	JDK: WNH: TK: 7T
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...from the Ageinfo database published by Centre for Policy on Ageing.