What Explains the Gender Gap in Wealth? Evidence from Administrative Data

Meriküll, Jaanika; Kukk, Merike; Rõõm, Tairi

doi:10.3386/w26920

Cited by 5 publications

(8 citation statements)

References 39 publications

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“…The results differ not because there is less inequality in France but because Bonnet et al (2013) did not include business assets in their study, whereas in Germany the biggest wealth gap was observed in business wealth. These results are in line with D'Alessio (2018), who found 18% gender wealth gap in Italy, and Meriküll et al (2018), who estimated approximately 45% gender wealth gap in Estonia, the country with the largest gender wage gap in EU. Furthermore, Meriküll, et al (2018) showed that the gender wealth gap is the largest in self-employment business wealth.…”

Section: Related Literaturesupporting

confidence: 90%

“…These results are in line with D'Alessio (2018), who found 18% gender wealth gap in Italy, and Meriküll et al (2018), who estimated approximately 45% gender wealth gap in Estonia, the country with the largest gender wage gap in EU. Furthermore, Meriküll, et al (2018) showed that the gender wealth gap is the largest in self-employment business wealth.…”

Section: Related Literaturesupporting

confidence: 90%

“…As shown in Figure 1, the private transfers and capital income constitute significant portion of the total income in some countries (for example, France, Greece, Spain, the UK), while its share is relatively low in other countries (for example, Serbia, Slovakia, Slovenia). In the post-communist countries, the relatively short time to accumulate wealth could possibly explain why this income category has relatively low share (Meriküll et al (2018)). The gender gap in this income category is analyzed in the similar manner as for the total income: first each age group is analyzed across these countries, and then its development over the life-cycle is investigated.…”

Section: Results For the Gap In Private Transfers And Cap-ital Incomementioning

confidence: 99%

“…To apply the unconditional quantile regression to this study, first, following Meriküll et al (2018), I define the recentered influence function specification for income:…”

Section: Methodsmentioning

confidence: 99%

“…However, the absence of appropriate statistical data impeded the further examination of gender disparities in other fields, such as wealth and pensions. For example, until recently, little to no studies have been done on wealth inequality (see, inter alia, Siemerminska et al 2010, Bonnet et al (2013), D'Alessio (2018), Meriküll et al (2018)). Most datasets collected information on wealth components at household level, which made is impossible to differentiate the individual possessions.…”

Section: Introductionmentioning

confidence: 99%

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Gender Income Gap Over Life-Cycle: Cross-Country Analysis

Gogoladze

2019

SSRN Journal

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Gender Income Gap Over Life-Cycle: CrossCountry Analysis by Papuna Gogoladze * Despite the vast literature on the gender disparities in the labor market participation and outcomes, there is a scarce literature on the gender gap in total income. This paper tries to fill the research gap and has threefold contribution to the existing literature. First, the paper studies the gender gap in aggregate income instead of focusing only one component-wages. Second, the analysis of the gap in four age categories reveals how the income gap behaves throughout the "life-cycle". And three, the gap is analysed in 25 countries that allows observing the institutional differences that are not apparent in case of single-country study. In most countries the unexplained median total income gap is the lowest among the youngest and increases throughout the life-cycle. However, there are countries, where the gap peaks in the youngest age group, for example, in Bulgaria. There is a large heterogeneity among countries in the unexplained gap size. Among the working age people, the unexplained median income gap is above 70% in Greece, while the lowest gap, approximately 4%, is reported in Slovenia. The paper suggests that trade union membership reduces and minimum wages increase the unexplained income gap of low-income individuals below age 45. More generous maternity leave increases it for low-income individuals between age 25-44, while formal childcare has negative impact throughout the distribution for the oldest. The analysis shows that "one-size-fits-all" policies are unable to respond adequately the gender gap issue in different income sources.

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Section: Related Literaturesupporting

confidence: 90%

Section: Related Literaturesupporting

confidence: 90%

Section: Results For the Gap In Private Transfers And Cap-ital Incomementioning

confidence: 99%

“…To apply the unconditional quantile regression to this study, first, following Meriküll et al (2018), I define the recentered influence function specification for income:…”

Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Gender Income Gap Over Life-Cycle: Cross-Country Analysis

Gogoladze

2019

SSRN Journal

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Wealth Accumulation and the Gender Wealth Gap Across Couples’ Legal Statuses and Matrimonial Property Regimes in France

Frémeaux

Leturcq

2022

Eur J Population

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This paper examines wealth accumulation among couple-headed households and investigates changes in within-household inequality over time and across couple statuses. Going beyond previous research that mostly studies wealth accumulation within marriages by comparing married with unmarried individuals, we consider the legal statuses of couples (cohabitation, civil union, and marriage) and property regimes (community and separate property). We apply multivariate regression analysis to high-quality longitudinal data from the French wealth survey (2015–2018) and find no differences in net worth accumulation between couples’ legal statuses when property regimes are not accounted for. However, couples with a separate property regime accumulate more wealth than couples with a community property regime, and married couples with a separate property regime drive this association. Our results show that the gender wealth gap is larger for couples with a separate property regime, but it is partially compensated by accumulated wealth. Our results highlight the importance of legal statuses and property regimes in explaining the dynamics of between- and within-household inequality in France, specifically within a context of increasingly diversified marital trajectories.

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Gender gap in pension savings: Evidence from Peru’s individual capitalization system

Olivera,

Iparraguirre

2022

Documento De Trabajo

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Estudiamos la brecha de género en los fondos de pensiones en Perú, país donde el principal sistema de pensiones se basa en cuentas individuales de retiro. Analizamos muestras seleccionadas aleatoriamente de registros administrativos individuales de fondos de pensiones recopilados entre 2005 y 2019. Encontramos una brecha de género a favor de los hombres en cada percentil de la distribución de los fondos de pensiones. La brecha de género, no condicionada, disminuye a lo largo de los percentiles hasta alcanzar una especie de “techo de cristal” alrededor del percentil 85, y luego aumenta sustancialmente. También detectamos heterogeneidad por cohortes de nacimiento, indicando que las cohortes de mayor edad muestran mayores brechas de género en el ahorro pensionario debido al proceso de capitalización. Además, encontramos que el conocimiento sobre la gestión del riesgo de los fondos de pensiones –una variable que captura alfabetización financiera– aumenta la dispersión de los ahorros pensionarios en la distribución y, por lo tanto, aumenta la desigualdad y la brecha de genero en los fondos de pensiones. Esta situación se ve agravada por el hecho de que Perú tiene niveles muy bajos de alfabetización financiera.

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What Explains the Gender Gap in Wealth? Evidence from Administrative Data

Cited by 5 publications

References 39 publications

Gender Income Gap Over Life-Cycle: Cross-Country Analysis

Gender Income Gap Over Life-Cycle: Cross-Country Analysis

Wealth Accumulation and the Gender Wealth Gap Across Couples’ Legal Statuses and Matrimonial Property Regimes in France

Gender gap in pension savings: Evidence from Peru’s individual capitalization system

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