Gender differences in defined contribution pension decisions

Authors

  • Vickie L. Bajtelsmit Abstract Department of Finance and Real Estate, Colorado State University, Fort Collins, CO 80523, USA
  • Alexandra Bernasek Department of Economics, Colorado State University, Fort Collins, CO 80523, USA
  • Nancy A. Jianakoplos Department of Economics, Colorado State University, Fort Collins, CO 80523, USA

DOI:

https://doi.org/10.1016/S1057-0810(99)00030-X

Keywords:

Gender differences, Pension, Risk aversion

Abstract

This paper considers gender differences in allocation of household wealth to defined contribution pensions. Using data from the 1989 Survey of Consumer Finances, we estimate the coefficient of relative risk aversion based on the allocation of wealth into defined contribution pensions. Unlike previous studies, we consider the problem in the context of the household’s overall portfolio. We find that women exhibit greater relative risk aversion in their allocation of wealth into defined contribution pension assets. © 1999 Elsevier Science Inc. All rights reserved.

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Published

1999-03-30

How to Cite

Bajtelsmit, V. L., Bernasek, A., & Jianakoplos, N. A. (1999). Gender differences in defined contribution pension decisions. Financial Services Review: The Journal of Individual Financial Management, 8(1), 1–10. https://doi.org/10.1016/S1057-0810(99)00030-X

Issue

Vol. 8 No. 1 (1999): Financial Services Review

Section

New Original Submission

License

Copyright (c) 1999 JAI Press Inc.

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