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Gender and Risk-Taking in the Building of U.S. Retirement Wealth.
- Source :
- Atlantic Economic Journal; Dec2023, Vol. 51 Issue 4, p259-274, 16p
- Publication Year :
- 2023
-
Abstract
- The growing weight being placed on self-directed retirement accounts within the United States retirement income policy framework, and the time inconsistency challenge of individuals, particularly women, tending to under-invest in retirement savings accounts motivated the current work. Using data from the United States Federal Reserve Board's Survey of Consumer Finances, for a period spanning from 1989 to 2019, 11 cross-sections of data, the paper investigated the role of gender in United States retirement risk-taking investment strategies of single (never married) individuals. The analysis documented increasing trends in the risk-taking of both single women and single men but recorded differences in the risk-taking profiles of the two groups, with single men taking more risk than single women in their retirement wealth building in most cross-sections, with the gender risk-taking gap dropping, nonetheless, algebraically in magnitude from 1989 to 2019. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01974254
- Volume :
- 51
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Atlantic Economic Journal
- Publication Type :
- Academic Journal
- Accession number :
- 175023834
- Full Text :
- https://doi.org/10.1007/s11293-023-09789-2