Gender Differences in Wealth at Retirement
The gender gap in wealth at retirement is a cause for concern if it does not simply reflect individual choices based on heterogeneous preferences. This paper contributes to our understanding of this issue by asking whether the unexplained portion of the gap can be attributed to gender differences in...
Gespeichert in:
| Veröffentlicht in: | The American economic review 2010-05, Vol.100 (2), p.362-367 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 367 |
|---|---|
| container_issue | 2 |
| container_start_page | 362 |
| container_title | The American economic review |
| container_volume | 100 |
| creator | Neelakantan, Urvi Chang, Yunhee |
| description | The gender gap in wealth at retirement is a cause for concern if it does not simply reflect individual choices based on heterogeneous preferences. This paper contributes to our understanding of this issue by asking whether the unexplained portion of the gap can be attributed to gender differences in risk preferences. Previous literature suggests that women may be more risk averse than men, and our theoretical framework illustrates that more risk averse people accumulate less wealth at retirement. We test these predictions using an accurate cardinal measure of risk preferences from the Health and Retirement Study. The results indicate that there is indeed a negative correlation between risk aversion and wealth accumulation, but the relationship is not strong enough to account for the unexplained portion of the gender gap in wealth. Thus, the gender difference in retirement wealth continues to be a cause for concern. |
| doi_str_mv | 10.1257/aer.100.2.362 |
| format | Article |
| fullrecord | <record><control><sourceid>jstor_proqu</sourceid><recordid>TN_cdi_proquest_journals_855912922</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><jstor_id>27805020</jstor_id><sourcerecordid>27805020</sourcerecordid><originalsourceid>FETCH-LOGICAL-c349t-66ef1c517591c3ab709ccc6fcf56511566562776b930f295274445fdccd6b5063</originalsourceid><addsrcrecordid>eNo9kMFLwzAUxoMoOKdHj0LxKLS-vDZJc5Q5pzAQRPEY2vQFO7Z2JtnB_96Miqf3PfjxffBj7JpDwVGo-4Z8wQEKLEqJJ2zGdVXlStf8lM0AAPMaazxnFyFs4PhzNWN3Kxo68tlj7xx5GiyFrB-yT2q28StrYvZGsfe0oyFesjPXbANd_d05-3havi-e8_Xr6mXxsM5tWemYS0mOW8GV0NyWTatAW2uls05IwbmQUkhUSra6BIdaoKqqSrjO2k62AmQ5Z7dT796P3wcK0WzGgx_SpKlFKkWNmKB8gqwfQ_DkzN73u8b_GA7maMMkGymDQZNsJP5m4jchjv4fRlWDAITyFwqbWbk</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>855912922</pqid></control><display><type>article</type><title>Gender Differences in Wealth at Retirement</title><source>Business Source Complete</source><source>JSTOR Archive Collection A-Z Listing</source><source>American Economic Association Web</source><creator>Neelakantan, Urvi ; Chang, Yunhee</creator><creatorcontrib>Neelakantan, Urvi ; Chang, Yunhee</creatorcontrib><description>The gender gap in wealth at retirement is a cause for concern if it does not simply reflect individual choices based on heterogeneous preferences. This paper contributes to our understanding of this issue by asking whether the unexplained portion of the gap can be attributed to gender differences in risk preferences. Previous literature suggests that women may be more risk averse than men, and our theoretical framework illustrates that more risk averse people accumulate less wealth at retirement. We test these predictions using an accurate cardinal measure of risk preferences from the Health and Retirement Study. The results indicate that there is indeed a negative correlation between risk aversion and wealth accumulation, but the relationship is not strong enough to account for the unexplained portion of the gender gap in wealth. Thus, the gender difference in retirement wealth continues to be a cause for concern.</description><identifier>ISSN: 0002-8282</identifier><identifier>EISSN: 1944-7981</identifier><identifier>DOI: 10.1257/aer.100.2.362</identifier><identifier>CODEN: AENRAA</identifier><language>eng</language><publisher>Nashville: American Economic Association</publisher><subject>Contrafactuals ; Decision making ; Expected values ; Gender differences ; GENDER, JOBS, SUCCESS, AND PLACEMENT ; Households ; Income inequality ; Men ; Personal finance ; Retirement ; Retirement income ; Retirement planning ; Risk aversion ; Risk preferences ; Single status ; Socioeconomics ; Studies ; Utility functions ; Wealth</subject><ispartof>The American economic review, 2010-05, Vol.100 (2), p.362-367</ispartof><rights>Copyright© 2010 American Economic Association</rights><rights>Copyright American Economic Association May 2010</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c349t-66ef1c517591c3ab709ccc6fcf56511566562776b930f295274445fdccd6b5063</citedby><cites>FETCH-LOGICAL-c349t-66ef1c517591c3ab709ccc6fcf56511566562776b930f295274445fdccd6b5063</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/27805020$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/27805020$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,3747,27923,27924,58016,58249</link.rule.ids></links><search><creatorcontrib>Neelakantan, Urvi</creatorcontrib><creatorcontrib>Chang, Yunhee</creatorcontrib><title>Gender Differences in Wealth at Retirement</title><title>The American economic review</title><description>The gender gap in wealth at retirement is a cause for concern if it does not simply reflect individual choices based on heterogeneous preferences. This paper contributes to our understanding of this issue by asking whether the unexplained portion of the gap can be attributed to gender differences in risk preferences. Previous literature suggests that women may be more risk averse than men, and our theoretical framework illustrates that more risk averse people accumulate less wealth at retirement. We test these predictions using an accurate cardinal measure of risk preferences from the Health and Retirement Study. The results indicate that there is indeed a negative correlation between risk aversion and wealth accumulation, but the relationship is not strong enough to account for the unexplained portion of the gender gap in wealth. Thus, the gender difference in retirement wealth continues to be a cause for concern.</description><subject>Contrafactuals</subject><subject>Decision making</subject><subject>Expected values</subject><subject>Gender differences</subject><subject>GENDER, JOBS, SUCCESS, AND PLACEMENT</subject><subject>Households</subject><subject>Income inequality</subject><subject>Men</subject><subject>Personal finance</subject><subject>Retirement</subject><subject>Retirement income</subject><subject>Retirement planning</subject><subject>Risk aversion</subject><subject>Risk preferences</subject><subject>Single status</subject><subject>Socioeconomics</subject><subject>Studies</subject><subject>Utility functions</subject><subject>Wealth</subject><issn>0002-8282</issn><issn>1944-7981</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2010</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNo9kMFLwzAUxoMoOKdHj0LxKLS-vDZJc5Q5pzAQRPEY2vQFO7Z2JtnB_96Miqf3PfjxffBj7JpDwVGo-4Z8wQEKLEqJJ2zGdVXlStf8lM0AAPMaazxnFyFs4PhzNWN3Kxo68tlj7xx5GiyFrB-yT2q28StrYvZGsfe0oyFesjPXbANd_d05-3havi-e8_Xr6mXxsM5tWemYS0mOW8GV0NyWTatAW2uls05IwbmQUkhUSra6BIdaoKqqSrjO2k62AmQ5Z7dT796P3wcK0WzGgx_SpKlFKkWNmKB8gqwfQ_DkzN73u8b_GA7maMMkGymDQZNsJP5m4jchjv4fRlWDAITyFwqbWbk</recordid><startdate>20100501</startdate><enddate>20100501</enddate><creator>Neelakantan, Urvi</creator><creator>Chang, Yunhee</creator><general>American Economic Association</general><scope>AAYXX</scope><scope>CITATION</scope><scope>0-V</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X7</scope><scope>7XB</scope><scope>87Z</scope><scope>88C</scope><scope>88E</scope><scope>88J</scope><scope>8BJ</scope><scope>8FI</scope><scope>8FJ</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ALSLI</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>FYUFA</scope><scope>F~G</scope><scope>GHDGH</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>K9.</scope><scope>L.-</scope><scope>M0C</scope><scope>M0S</scope><scope>M0T</scope><scope>M1P</scope><scope>M2O</scope><scope>M2R</scope><scope>MBDVC</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>20100501</creationdate><title>Gender Differences in Wealth at Retirement</title><author>Neelakantan, Urvi ; Chang, Yunhee</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c349t-66ef1c517591c3ab709ccc6fcf56511566562776b930f295274445fdccd6b5063</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2010</creationdate><topic>Contrafactuals</topic><topic>Decision making</topic><topic>Expected values</topic><topic>Gender differences</topic><topic>GENDER, JOBS, SUCCESS, AND PLACEMENT</topic><topic>Households</topic><topic>Income inequality</topic><topic>Men</topic><topic>Personal finance</topic><topic>Retirement</topic><topic>Retirement income</topic><topic>Retirement planning</topic><topic>Risk aversion</topic><topic>Risk preferences</topic><topic>Single status</topic><topic>Socioeconomics</topic><topic>Studies</topic><topic>Utility functions</topic><topic>Wealth</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Neelakantan, Urvi</creatorcontrib><creatorcontrib>Chang, Yunhee</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Social Sciences Premium Collection</collection><collection>ProQuest Central (Corporate)</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Health & Medical Collection</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Healthcare Administration Database (Alumni)</collection><collection>Medical Database (Alumni Edition)</collection><collection>Social Science Database (Alumni Edition)</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Hospital Premium Collection</collection><collection>Hospital Premium Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Research Library (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Social Science Premium Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Business Premium Collection (Alumni)</collection><collection>Health Research Premium Collection</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>Health Research Premium Collection (Alumni)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ProQuest Health & Medical Complete (Alumni)</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>Health & Medical Collection (Alumni Edition)</collection><collection>Healthcare Administration Database</collection><collection>Medical Database</collection><collection>Research Library</collection><collection>Social Science Database</collection><collection>Research Library (Corporate)</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>The American economic review</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Neelakantan, Urvi</au><au>Chang, Yunhee</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Gender Differences in Wealth at Retirement</atitle><jtitle>The American economic review</jtitle><date>2010-05-01</date><risdate>2010</risdate><volume>100</volume><issue>2</issue><spage>362</spage><epage>367</epage><pages>362-367</pages><issn>0002-8282</issn><eissn>1944-7981</eissn><coden>AENRAA</coden><abstract>The gender gap in wealth at retirement is a cause for concern if it does not simply reflect individual choices based on heterogeneous preferences. This paper contributes to our understanding of this issue by asking whether the unexplained portion of the gap can be attributed to gender differences in risk preferences. Previous literature suggests that women may be more risk averse than men, and our theoretical framework illustrates that more risk averse people accumulate less wealth at retirement. We test these predictions using an accurate cardinal measure of risk preferences from the Health and Retirement Study. The results indicate that there is indeed a negative correlation between risk aversion and wealth accumulation, but the relationship is not strong enough to account for the unexplained portion of the gender gap in wealth. Thus, the gender difference in retirement wealth continues to be a cause for concern.</abstract><cop>Nashville</cop><pub>American Economic Association</pub><doi>10.1257/aer.100.2.362</doi><tpages>6</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0002-8282 |
| ispartof | The American economic review, 2010-05, Vol.100 (2), p.362-367 |
| issn | 0002-8282 1944-7981 |
| language | eng |
| recordid | cdi_proquest_journals_855912922 |
| source | Business Source Complete; JSTOR Archive Collection A-Z Listing; American Economic Association Web |
| subjects | Contrafactuals Decision making Expected values Gender differences GENDER, JOBS, SUCCESS, AND PLACEMENT Households Income inequality Men Personal finance Retirement Retirement income Retirement planning Risk aversion Risk preferences Single status Socioeconomics Studies Utility functions Wealth |
| title | Gender Differences in Wealth at Retirement |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-08T20%3A53%3A54IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-jstor_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Gender%20Differences%20in%20Wealth%20at%20Retirement&rft.jtitle=The%20American%20economic%20review&rft.au=Neelakantan,%20Urvi&rft.date=2010-05-01&rft.volume=100&rft.issue=2&rft.spage=362&rft.epage=367&rft.pages=362-367&rft.issn=0002-8282&rft.eissn=1944-7981&rft.coden=AENRAA&rft_id=info:doi/10.1257/aer.100.2.362&rft_dat=%3Cjstor_proqu%3E27805020%3C/jstor_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=855912922&rft_id=info:pmid/&rft_jstor_id=27805020&rfr_iscdi=true |