Factors Affecting Retirement Savings of Women in the 50s Age Cohort

Successful Aging at Work: Annual Review, 1992–1996: The Older Worker and Transitions to Retirement

“…Researchers have also investigated the economic well-being of older women and the role of employment and financial planning in that context. For example, a study by Kokrda and Cramer (1996) examined the retirement saving patterns of preretirement women in their 50's. Stability of one's work history (a variable combining total number of years employed, number of years on longest job, full-time vs part-time status, and number of times employed) was a significant predictor of pension savings.…”

“…However, education, income, number of children, work history, and occupational level were significant predictors of other types of financial savings. The authors emphasize the influence of an individual's choices regarding education, occupation, and continuity of employment as critical elements in successful retirement and financial planning among women (Kokrda & Cramer, 1996). Talaga and Beehr (1995) studied three variables in predicting retirement status for men and women: number of dependents in the household, occupational level, and the financial and employment status of a spouse.…”

Does Financial Self-Efficacy Explain Gender Differences in Retirement Saving Strategies?

“…Women's incomes relative to men's have improved. However, research still indicates gender differences in income and retirement income (DeViney and Solomon 1995; Kokrda and Cramer 1996). Perkins (1995) cites drastic decreases in income for women in retirement.…”

Finance Managers' Propensity To Save

“…Occupation, education, income, and children are significantly related to women's saving (Kokrda & Cramer, 1995, 1996. Among women, greater age and income are significant predictors of saving (Cramer, 2002).…”