The Implications of Gender Differences in Retirement Plan Investment Patterns

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The Wharton School::Wharton Pension Research Council::Wharton Pension Research Council Working Papers
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Economics
Subject
gender
investments
risk-taking
retirement wealth
labor market
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2024
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Author
Bajtelsmit, Vickie
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Abstract

Women live longer than men, on average, but they have lower retirement wealth, lower expected social security benefits, and are more likely to be single and poor in old age. Some previous studies have concluded that women’s more conservative investing is a major factor leading to observed gender differences in retirement preparation, but current research does not strongly support that viewpoint. Nevertheless, there is substantial evidence of gender differences in social roles, psychology, and labor market experience that make it more difficult for women to save adequately for retirement. This chapter reviews the research on these differences and identifies potential policy solutions.

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WP2024-17
Publication date
2024-10-03
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All findings, interpretations, and conclusions of this paper represent the views of the authors and does not represent official views of the above-named institutions. © 2024 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.
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