<scp>Women and Pensions</scp>

Bajtelsmit, Vickie L.; Rappaport, Anna M.; Hounsell, M. Cindy; d’Ambrosio, Madeleine B.; Merrick, Glenn W.; Kaufmanis, Katie

doi:10.1111/j.1540-6296.2005.00047.x

Cited by 5 publications

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“…For several decades, researchers have known that many Americans are ill prepared to make financial decisions, that they are unaware of their financial vulnerabilities, and that households lack the knowledge, sophistication, and /or authoritative guidance required to make sound financial choices (Bernheim, 1998). Financial illiteracy is especially problematic for women (Bajtelsmit, 2005) and college students (Power et al, 2011). Poor financial behavior of many Americans may be attributed to ignorance or a lack of understanding how to make good financial decisions (Edmiston and Gillett-Fisher, 2006).…”

Section: Background Methods and Study Designmentioning

confidence: 99%

“…Women also tend to bear the financial burden of their spouse's death, and are more prone to the effects of inflation, medical issues, and disability (Curry, 2005). Bajtelsmit (2005) points out that although women are more likely to outlive their retirement assets than men, financial services companies have underserved the retirement needs of women and that Social Security benefits for women are often inequitable. Another disadvantage that women have is in financial decision making, where the literature shows women have higher levels of risk aversion relative to men (Croson and Gneezy, 2009) and lower levels of financial literacy (Hung et al 2012).…”

Section: Research Questionsmentioning

confidence: 99%

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A Comparative Analysis of Financial Professionals’ Perception of the Level of Graduating Business Student Retirement Planning Familiarity, Motivation, and Preparedness

Power

Hobbs

2015

Risk Manage Insurance Review

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Academic, government, employer, and individual interest in personal financial literacy have mushroomed as financial decision making has become more complex, costly, and less paternalistic. Financial illiteracy in America manifests in many ways, including low levels of personal saving, high levels of personal debt, negative financial wealth, a decline in standard of living, and increased demand on social safety networks. For college students, of particular concern is the high level of public and private debt accrued while working toward a degree. It is important to understand how prepared households are for retirement planning decisions and which factors can improve their preparedness. We show that financial education is impactful in reducing financial illiteracy, and provides evidence that taking a personal risk management and insurance course helps to prepare college students to make retirement decisions. Second, we provide evidence that life stage explains differences (similarities) in how professionals self‐rate the importance, familiarity, and motivation to plan and save for retirement versus their opinion on how vital the questions should be to students. Finally, additional evidence is provided showing that demographic characteristics explain differences in the importance and motivation to plan and save for retirement and in the familiarity that respondents have with retirement planning and saving products.

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Section: Background Methods and Study Designmentioning

confidence: 99%

Section: Research Questionsmentioning

confidence: 99%

A Comparative Analysis of Financial Professionals’ Perception of the Level of Graduating Business Student Retirement Planning Familiarity, Motivation, and Preparedness

Power

Hobbs

2015

Risk Manage Insurance Review

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“…Women also tend to bear the financial burden of their spouse's death and are more prone to the effects of inflation, medical issues, and disability (Curry, 2005). In a panel discussion on “Women and Pensions” at the American Risk and Insurance 2003 Annual Meeting (Bajtelsmit, 2005), Anna Rappaport provided an overview of factual information on women's financial security. Rappaport pointed out that although women are more likely to outlive their retirement assets than men, financial services companies have underserved the retirement needs of women and that Social Security benefits for women are often inequitable.…”

Section: Literature Reviewmentioning

confidence: 99%

An Empirical Analysis of the Effect of Financial Education on Graduating Business Students’ Perceptions of Their Retirement Planning Familiarity, Motivation, and Preparedness

Power

Hobbs

Ober³

2011

Risk Manage Insurance Review

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Today's multifaceted and dynamic financial environment requires a high level of individual financial literacy to ensure that sound financial behaviors are the norm. Unfortunately, many individuals have limited knowledge regarding financial issues and are ill prepared to make sound financial choices. The purpose of this article was to benchmark and then determine if graduating business students' perception of their retirement planning familiarity, motivation, and preparedness improved after taking a semester-long course in Personal Risk Management and Insurance (PRMI). We discovered that business students were more financially literate than nonbusiness students and that business students' familiarity with retirement plans and personal level of readiness to make retirement planning decisions improved significantly after taking the principles class. Specifically, we showed that only 15.8 percent and 42.3 percent of the nonbusiness and business control students, respectively, felt adequately prepared to make retirement decisions, while 82 percent of the business students who completed the PRMI class felt prepared. Ex post, graduating seniors who were exposed to coursework covering life-cycle risks and options to treat those risks perceived that they are leaving college with a better ability to meet the financial challenges that await them. Last, we showed that significant differences existed in retirement plan and investment familiarity based on gender. Our findings provide support for including financial literacy as a general education requirement at colleges and universities.

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The possible absence of a healthy-worker effect: a cross-sectional survey among educated Japanese women

et al. 2012

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ObjectivesDespite being highly educated in comparison with women in other member countries of the Organisation for Economic Cooperation and Development, Japanese women are expected to assume traditional gender roles, and many dedicate themselves to full-time housewifery. Women working outside the home do so under poor conditions, and their health may not be better than that of housewives. This study compared the self-rated health status and health behaviours of housewives and working women in Japan.DesignCross-sectional survey.SettingA national university in Tokyo with 9864 alumnae.ParticipantsA total 1344 women who graduated since 1985 and completed questionnaires in an anonymous mail-based survey.Primary and secondary outcome measuresHealth anxiety and satisfaction, receipt of health check-ups, eating breakfast, smoking, and sleep problems according to job status and family demands: housewives (n=247) and working women with (n=624) and without (n=436) family demands. ORs were used for risk assessment, with housewives as a reference.ResultsAfter adjustment for satisfaction with present employment status and other confounding factors, working women were more likely than housewives to feel health anxiety (with family demands, OR: 1.68, 95% CI1.10 to 2.57; without family demands, OR: 3.57, 95% CI 2.19 to 4.50) and health dissatisfaction (without family demands, OR: 3.50, 95% CI 2.35 to 5.21); they were also more likely than housewives to eat an insufficient breakfast (with family demands, OR: 1.91, 95% CI 1.22 to 3.00; without family demands, OR: 4.02, 95% CI 2.47 to 6.57) and to have sleep problems (ORs: 2.08 to 4.03).ConclusionsNo healthy-worker effect was found among Japanese women. Housewives, at least those who are well educated, appear to have better health status and health-related behaviours than do working women with the same level of education.

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Women and Pensions

Cited by 5 publications

References 0 publications

A Comparative Analysis of Financial Professionals’ Perception of the Level of Graduating Business Student Retirement Planning Familiarity, Motivation, and Preparedness

A Comparative Analysis of Financial Professionals’ Perception of the Level of Graduating Business Student Retirement Planning Familiarity, Motivation, and Preparedness

An Empirical Analysis of the Effect of Financial Education on Graduating Business Students’ Perceptions of Their Retirement Planning Familiarity, Motivation, and Preparedness

The possible absence of a healthy-worker effect: a cross-sectional survey among educated Japanese women

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