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Examining the gender wealth gap

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  • Eva M. Sierminska
  • Joachim R. Frick
  • Markus M. Grabka

Abstract

Economic research on the determinants of gender differences in economic outcomes particularly in income and consumption is well established. Extending these investigations to other outcomes such as wealth up till now has been limited due to lack of individual-level data. Using the German Socio-Economic Panel (SOEP) we find a significant 'raw' gender wealth gap of 50,000€ for married partners. Decomposition analyses reveal that the gap is largely driven by differences in characteristics between men and women (observables), particularly by individual's own income and labour market experience. This is especially true at the bottom and at the top of the wealth distribution, which we show using semi-parametric decomposition techniques. Differences in the lower half of the distribution are mostly driven by the wealth function, i.e., the way in which women transform their characteristics into wealth. Copyright 2010 Oxford University Press 2010 All rights reserved, Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 62 (2010)
Issue (Month): 4 (October)
Pages: 669-690

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Handle: RePEc:oup:oxecpp:v:62:y:2010:i:4:p:669-690

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Citations

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Cited by:
  1. Erin Ruel & Robert Hauser, 2013. "Explaining the Gender Wealth Gap," Demography, Springer, vol. 50(4), pages 1155-1176, August.
  2. Barasinska, Nataliya & Schäfer, Dorothea, 2013. "Is the willingness to take financial risk a sex-linked trait? Evidence from national surveys of household finance," Discussion Papers 05/2013, Deutsche Bundesbank, Research Centre.
  3. GRABKA Markus & MARCUS Jan & SIERMINSKA Eva, 2013. "Wealth distribution within couples and financial decision making," CEPS/INSTEAD Working Paper Series 2013-02, CEPS/INSTEAD.
  4. Schlömer-Laufen, Nadine & Kay, Rosemarie, 2013. "Zum Einfluss des Geschlechts des Übergebers auf die Wahl des familieninternen Nachfolgers: Eine theoretische und empirische Analyse in deutschen Familienunternehmen," Working Papers 01/13, Institut für Mittelstandsforschung (IfM) Bonn.
  5. Siobhan Austen & Rachel Ong & Sherry Bawa & Therese Jefferson, 2013. "Trends in the Gender Wealth Gap Among Single Households in Australia, 2002-2010," Bankwest Curtin Economics Centre Working Paper series WP1308, Bankwest Curtin Economics Centre (BCEC), Curtin Business School.
  6. Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2014. "Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys," BCL working papers 90, Central Bank of Luxembourg.
  7. Grabka, Markus M. & Marcus, Jan & Sierminska, Eva, 2013. "Wealth Distribution within Couples," IZA Discussion Papers 7637, Institute for the Study of Labor (IZA).
  8. SIERMINSKA Eva & DOORLEY Karina, 2012. "Decomposing household wealth portfolios across countries: An age-old question?," CEPS/INSTEAD Working Paper Series 2012-32, CEPS/INSTEAD.

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