wow-inequalities/02-data/intermediate/wos_sample/521695d14ffefc6886289b960ca0fb07-gornick-janet-c.-an/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'Wealth is an increasingly important dimension of economic well-being and
is attracting rising attention in discussions of social inequality. In
this article, we compare - within and across countries - wealth
outcomes, and link those to both employment-related factors and policy
solutions that have the potential to improve wealth creation and
retirement security for women. By constructing country-specific
portraits of wealth outcomes and `retirement preparedness'', we reveal
extensive cross-national variation in multiple facets of wealth. Our
regression analysis finds a statistically significant and positive
effect of work experience on wealth, with that effect, in general,
increasing over time. The effect of work experience for single women is
greater than for single men, suggesting that, among men, other, stronger
forces are at work in creating wealth. The retirement preparedness
outcomes indicate that single women in all three countries are in a
precarious position at retirement, with much lower expected annual
wealth levels than single men. The second preparedness indicator, which
links expected annual wealth to income, demonstrates that men have the
potential to cover larger shares of their income at retirement - and
thus are more able, than their female counterparts, to maintain
standards of living achieved earlier in life. Our policy discussion
indicates that employment remains a viable option for ultimately
bolstering women''s wealth accumulation. Many scholars, gender equality
advocates and policymakers have argued for raising women''s employment
rates - for a multitude of reasons - but few, if any, have made the case
for strengthening women''s employment in order to ultimately bolster
women''s wealth building. We hope to help reduce the gap in the
literature on policy supports for women''s employment and re-open the
discussion on how women can create more wealth.'
affiliation: 'Sierminska, E (Corresponding Author), Luxembourg Inst Socioecon Res
LISER, Esch Sur Alzette, Luxembourg.
Sierminska, E (Corresponding Author), DIW Berlin, IZA, Berlin, Germany.
Sierminska, E (Corresponding Author), GLO, Sunnyvale, CA 94089 USA.
Gornick, Janet C., CUNY, Grad Ctr, New York, NY USA.
Sierminska, Eva, LISER, Esch Sur Alzette, Luxembourg.
Sierminska, Eva, Univ Arizona, Tucson, AZ 85721 USA.'
author: Gornick, Janet C. and Sierminska, Eva
author-email: eva.sierminska@liser.lu
author_list:
- family: Gornick
given: Janet C.
- family: Sierminska
given: Eva
da: '2023-09-28'
doi: 10.1177/09589287211056174
eissn: 1461-7269
files: []
issn: 0958-9287
journal: JOURNAL OF EUROPEAN SOCIAL POLICY
keywords: 'employment; wealth; gender differences; policy; welfare states;
retirement'
keywords-plus: INEQUALITY; WOMEN
language: English
month: DEC
number: 5, SI
number-of-cited-references: '30'
orcid-numbers: Sierminska, Eva/0000-0003-1936-814X
pages: 549-564
papis_id: 16853b83abd68a2419e3fe2a96ad4076
ref: Gornick2021wealthaccumulation
researcherid-numbers: Sierminska, Eva/AAJ-6665-2021
times-cited: '5'
title: 'Wealth accumulation and retirement preparedness in cross-national perspective:
A gendered analysis of outcomes among single adults'
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000729277700005
usage-count-last-180-days: '0'
usage-count-since-2013: '3'
volume: '31'
web-of-science-categories: Public Administration; Social Issues
year: '2021'