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Correction: What explains the gender gap in wealth? Evidence from administrative data

Author

Listed:
  • Jaanika Meriküll

    (University of Tartu
    Tallinn University of Technology
    Bank of Estonia)

  • Merike Kukk

    (Tallinn University of Technology
    Bank of Estonia)

  • Tairi Rõõm

    (Tallinn University of Technology
    Bank of Estonia)

Abstract

This paper studies the gender gap in net wealth. We use administrative data on wealth that are linked to the Estonian Household Finance and Consumption Survey, which provides individual-level wealth data for all household types. The unconditional gender gap in mean wealth is 45%, but this sizeable gap in means originates mainly from the top tail of the distribution, where men have much more wealth than women, while the gender differences in wealth are statistically insignificant in most of the lower wealth quintiles. At the top of the distribution the differences in wealth can be explained by larger self-employment activity of men. Men have more business wealth than women do, and the gender wealth gap is the largest for this asset class. The gender wealth gaps across different household types are very heterogeneous. The unconditional gaps in wealth are strongly in favour of men throughout most of the wealth distribution for married couples. For single-member households, on the other hand, the raw gaps are in favour of women in the lower half of the wealth distribution. These raw gaps in opposite directions can mostly be explained by differences in the observed characteristics of men and women among married couples vs single people.
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Suggested Citation

  • Jaanika Meriküll & Merike Kukk & Tairi Rõõm, 2021. "Correction: What explains the gender gap in wealth? Evidence from administrative data," Review of Economics of the Household, Springer, vol. 19(2), pages 549-550, June.
  • Handle: RePEc:kap:reveho:v:19:y:2021:i:2:d:10.1007_s11150-021-09564-9
    DOI: 10.1007/s11150-021-09564-9
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    Cited by:

    1. Bartels, Charlotte & Sierminska, Eva & Schröder, Carsten, 2025. "Wealth creators or inheritors? Unpacking the gender wealth gap from bottom to top and young to old," Economics Letters, Elsevier, vol. 246(C).
    2. Philipp M. Lersch & Emanuela Struffolino & Agnese Vitali, 2022. "Wealth in Couples: Introduction to the Special Issue," European Journal of Population, Springer;European Association for Population Studies, vol. 38(4), pages 623-641, October.
    3. Philip Caju & Guillaume Périlleux & François Rycx & Ilan Tojerow, 2023. "A bigger house at the cost of an empty stomach? The effect of households’ indebtedness on their consumption: micro-evidence using Belgian HFCS data," Review of Economics of the Household, Springer, vol. 21(1), pages 291-333, March.
    4. Isaac Koomson & Renato A. Villano & David Hadley, 2023. "The role of financial literacy in households’ asset accumulation process: evidence from Ghana," Review of Economics of the Household, Springer, vol. 21(2), pages 591-614, June.
    5. Sologon, Denisa Maria & Doorley, Karina & O'Donoghue, Cathal & Peluso, Eugenio, 2024. "The Gendered Nature of the Cost-of-Living Crisis in Europe," IZA Discussion Papers 16820, Institute of Labor Economics (IZA).
    6. Marc Fleurbaey & Domenico Moramarco & Vito Peragine, "undated". "Measuring inequality and welfare when some inequalities matter more than others," Working Papers ecineq-, ECINEQ, Society for the Study of Economic Inequality.
    7. Nicolas Frémeaux & Marion Leturcq, 2022. "Wealth Accumulation and the Gender Wealth Gap Across Couples’ Legal Statuses and Matrimonial Property Regimes in France," European Journal of Population, Springer;European Association for Population Studies, vol. 38(4), pages 643-679, October.
    8. Javier Olivera & Yadiraah Iparraguirre, 2022. "Gender gap in pension savings: Evidence from Peru’s individual capitalization system∗," Documentos de Trabajo / Working Papers 2022-513, Departamento de Economía - Pontificia Universidad Católica del Perú.
    9. Belloc, Ignacio & Molina, José Alberto & Velilla, Jorge, 2025. "Consumption responses to inheritances: The role of durable goods," Journal of Macroeconomics, Elsevier, vol. 83(C).
    10. LoRiggio, Tessa & Morris, Todd, 2024. "The Gender Wealth Gap near Retirement in Canada," IZA Policy Papers 207, Institute of Labor Economics (IZA).
    11. Maria Coelho & Aieshwarya Davis & Alexander Klemm & Carolina Osorio-Buitron, 2024. "Gendered taxes: the interaction of tax policy with gender equality," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(5), pages 1413-1460, October.
    12. Merike Kukk & W. Fred Raaij, 2022. "Joint and Individual Savings within Families: Evidence from Bank Accounts," Journal of Family and Economic Issues, Springer, vol. 43(3), pages 511-533, September.
    13. Javier Olivera & Yadiraah Iparraguirre, 2022. "The Gender Gap in Pension Savings: Evidence from Peru's Individual Capitalization System," LISER Working Paper Series 2022-06, Luxembourg Institute of Socio-Economic Research (LISER).
    14. Merike Kukk & Jaanika Meriküll & Tairi Rõõm, 2023. "The Gender Wealth Gap in Europe: Application of Machine Learning to Predict Individual‐level Wealth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 69(2), pages 289-317, June.
    15. Ignacio Belloc & José Alberto Molina & Jorge Velilla, 2025. "Unexpected Inheritances and Household Labor Supply: Does the Identity of the Recipient Matter?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 71(1), February.
    16. Javier Olivera & Yadiraah Iparraguirre, 2022. "The Gender Gap in Pension Savings," Working Papers 624, ECINEQ, Society for the Study of Economic Inequality.
    17. Frank Kyei-Arthur, 2024. "Prevalence and predictors of internet use among Ghanaian older adults: evidence from the Ghana 2021 Population and Housing Census," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-9, December.

    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing

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