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Interactional Associations of Gender on Savings Behavior: Showing Gender’s Continued Influence on Economic Action

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  • Elizabeth Whitaker

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  • Janet Bokemeiner

    ()

  • Scott Loveridge

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Abstract

This study looks at how gender relates to a critical economic behavior—savings activity. We start with the proposition that gender is not merely an additional variable to explain savings choices. Gender is the primary type of social categorization in the U.S. today. Therefore, other variables will be differently relevant to savings depending on gender. We use a national survey, the 2006 Economic Decision Making Survey conducted by Michigan State University’s Institute for Public Policy and Social Research, to examine the proposition. Basic frequencies reveal nonsignificant differences in savings participation across gender, but regression analysis including interactions of gender with other key variables reveals that multiple aspects of individuals’ lives are influenced by gender to predict savings plan participation. Copyright Springer Science+Business Media, LLC 2013

Suggested Citation

  • Elizabeth Whitaker & Janet Bokemeiner & Scott Loveridge, 2013. "Interactional Associations of Gender on Savings Behavior: Showing Gender’s Continued Influence on Economic Action," Journal of Family and Economic Issues, Springer, vol. 34(1), pages 105-119, March.
  • Handle: RePEc:kap:jfamec:v:34:y:2013:i:1:p:105-119
    DOI: 10.1007/s10834-012-9307-2
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    References listed on IDEAS

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    Cited by:

    1. Smriti Rao & Hazel Malapit, 2015. "Gender, Household Structure and Financial Participation in the United States," Journal of Family and Economic Issues, Springer, vol. 36(4), pages 606-620, December.
    2. repec:spt:apfiba:v:8:y:2018:i:3:f:8_3_4 is not listed on IDEAS
    3. Yoko Mimura, 2014. "The Relationship Between Life Satisfaction Among Wives and Financial Preparedness of Households in Japan," Journal of Family and Economic Issues, Springer, vol. 35(4), pages 532-541, December.
    4. Aylit Romm, 2015. "The Effect of Retirement Date Expectations on Pre-retirement Wealth Accumulation: The Role of Gender and Bargaining Power in Married US Households," Journal of Family and Economic Issues, Springer, vol. 36(4), pages 593-605, December.
    5. Dale R. DeBoer & Edward C. Hoang, 2017. "Inheritances and Bequest Planning: Evidence from the Survey of Consumer Finances," Journal of Family and Economic Issues, Springer, vol. 38(1), pages 45-56, March.
    6. Jean Lown & Jinhee Kim & Michael Gutter & Anne-Therese Hunt, 2015. "Self-efficacy and Savings Among Middle and Low Income Households," Journal of Family and Economic Issues, Springer, vol. 36(4), pages 491-502, December.
    7. Rui Yao & Jing Xiao & Li Liao, 2015. "Effects of Age on Saving Motives of Chinese Urban Consumers," Journal of Family and Economic Issues, Springer, vol. 36(2), pages 224-238, June.
    8. Patryk Babiarz & Cliff Robb, 2014. "Financial Literacy and Emergency Saving," Journal of Family and Economic Issues, Springer, vol. 35(1), pages 40-50, March.

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    Keywords

    Financial decision making; Gender; Savings;

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