Retirement Savings and Gender under Identical Retirement Benefits

Daniel Park, Jau-Lian Jeng and Elwin Tobing

Previous studies dealing with gender and retirement savings found that one of the main causes for the differences between genders was largely due to occupation differences between men and women. Surveying 304 men and women working in a non-profit institution in the United States, we investigate whether gender differences exist in retirement savings under identical retirement benefit plans. We find that the retirement contributions between men and women do not show any statistically significant difference. However, the comparison for male and female groups shows that gender differences in retirement related issues still exist even with identical retirement benefit plans.

D14, J16, J26 and J32

DOI : http://dx.doi.org/10.21102/gefj.2016.03.91.03