Gender, Marriage, and Asset Accumulation in the United States

Schmidt, Lucie; Sevak, Purvi

doi:10.1080/13545700500508445

Cited by 122 publications

(103 citation statements)

References 28 publications

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“…Similarly, are female heads concentrated among the asset poor because they lost assets due to separation, divorce or widowhood, or are asset-poor households inherently 12. For example, see the studies on the United States by Schmidt and Sevak (2006) and Yamokoski and Keister (2006) that show that the wealth holdings of lone male households tend to be significantly greater than those of lone female households once one controls for individual and household characteristics. more unstable because of their economic vulnerability, leading to a greater incidence of female heads among the asset poor?…”

Section: Resultsmentioning

confidence: 99%

Gender Inequality in Asset Ownership in Latin America: Female Owners vs Household Heads

Deere¹,

Alvarado²,

Twyman³

2012

Development and Change

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Most studies that incorporate a gender dimension into the study of poverty or other development outcomes focus on the sex of the household head. This article argues that a headship analysis gives only a partial view of gender inequality since it does not take into account the position of women within male‐headed households. Drawing primarily on the Living Standard Measurement Studies for Latin America and the Caribbean, the authors present baseline indicators of the degree of gender inequality in asset ownership for the eleven countries in the region that have collected individual‐level data on asset ownership. Disaggregated data on asset ownership within households suggest that the distribution of property by gender is more equitable than a headship analysis alone would imply. But the degree of gender inequality also varies according to the specific asset and among countries. Further comparative work on asset ownership requires attention to the marital regimes governing property rights in marriage. Finally, the authors suggest how household surveys could be improved by standardizing the collection of individual‐level asset data across countries.

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Section: Resultsmentioning

confidence: 99%

Gender Inequality in Asset Ownership in Latin America: Female Owners vs Household Heads

Deere¹,

Alvarado²,

Twyman³

2012

Development and Change

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“…However, gender differences in wealth have thus far not been a prominent topic in this research, some notable exceptions notwithstanding (e.g. Deere and Doss, ; Schmidt and Sevak, ; Sierminska et al ., ). When contrasted to the gender pay gap, the gender wealth gap has received little attention.…”

Section: Introductionmentioning

confidence: 84%

“…As discussed below, most existing studies find a gender wealth gap, that is, male households have more wealth than female households. In order to assess potential determinants of this gender wealth gap, the following model can be posited (adapted from Schmidt and Sevak, ; see also Sierminska et al ., ):

A_{t + 1} = (1 + r_{t}) (A_{t} + Y_{t} - C_{t} + T_{t}) .

…”

Section: Gender Differences In Wealth Accumulationmentioning

confidence: 99%

The Gender Wealth Gap Across European Countries

Schneebaum

Rehm

Mader

et al. 2017

Review of Income and Wealth

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This paper studies the gap in wealth between male and female single households using 2010 Household Finance and Consumption Survey data for eight European countries. In the raw data, a large gap emerges at the upper end of the unconditional distribution. While OLS estimates show no difference in average net wealth levels, quantile regressions at the 95 th percentile yield mixed evidence for the gender wealth gap in different specifications. Labour market characteristics and participation in asset and debt categories largely explain the differences between male and female single households. We show that the gender gap in net wealth is driven by gender gaps in gross wealth and its components, but is attenuated in four countries by gender gaps in (collateralized) debt. In the full specification, the unexplained gap in gross wealth amounts to 27% in Slovakia, 33% in France, 44% in Austria, 45% in Germany, and 48% in Greece. A robustness check using person-level pension wealth confirms the presence of a gender gap for the full population.JEL Classifications: D31; J16; E21

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“…Gender has proven to be a significant factor in retirement-related outcomes in the United States (Agnew, Balduzzi, & Sundén, 2003;O'Rand & Shuey, 2007;Schmidt & Sevak, 2006). Although the gender pension gap is closing, women tend to have less pension coverage and lower contribution rates to retirement savings accounts than men (Holden & Fontes, 2009).…”

Section: Gender Work and Other Factors Influencing Early-life Retirmentioning

confidence: 99%

I Do … Want to Save: Marriage and Retirement Savings in Young Households

Knoll

Tamborini

Whitman

2012

J of Marriage and Family

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young adults who were married were more likely than all other groups (including cohabitors) to perceive retirement as an important savings goal and to have an individual retirement account. Married persons were more likely than their single counterparts to participate in a defined contribution pension plan. Single women fared particularly poorly on retirement savings outcomes. A range of possible theoretical links between marriage and retirement savings at young adulthood are discussed.Limited retirement savings is a major contributing factor to economic vulnerability among the elderly (

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Gender, Marriage, and Asset Accumulation in the United States

Cited by 122 publications

References 28 publications

Gender Inequality in Asset Ownership in Latin America: Female Owners vs Household Heads

Gender Inequality in Asset Ownership in Latin America: Female Owners vs Household Heads

The Gender Wealth Gap Across European Countries

I Do … Want to Save: Marriage and Retirement Savings in Young Households

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