Demography

, Volume 50, Issue 4, pp 1155–1176 | Cite as

Explaining the Gender Wealth Gap

Article

Abstract

To assess and explain the United States’ gender wealth gap, we use the Wisconsin Longitudinal Study to examine wealth accumulated by a single cohort over 50 years by gender, by marital status, and limited to the respondents who are their family’s best financial reporters. We find large gender wealth gaps between currently married men and women, and between never-married men and women. The never-married accumulate less wealth than the currently married, and there is a marital disruption cost to wealth accumulation. The status-attainment model shows the most power in explaining gender wealth gaps between these groups explaining about one-third to one-half of the gap, followed by the human-capital explanation. In other words, a lifetime of lower earnings for women translates into greatly reduced wealth accumulation. After controlling for the full model, we find that a gender wealth gap remains between married men and women that we speculate may be related to gender differences in investment strategies and selection effects.

Keywords

Gender Net worth Wealth gap Wisconsin Longitudinal Study 

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Copyright information

© Population Association of America 2012

Authors and Affiliations

  1. 1.Department of SociologyGeorgia State UniversityAtlantaUSA
  2. 2.Center for Demography of Health and AgingUniversity of WisconsinMadisonUSA

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