Three essays on women and retirement

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2018-05

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Abstract

In the first chapter of this dissertation, I examine the post-retirement financial satisfaction of women with respect to their available retirement resources. In particular, the chapter examines whether women are more financially satisfied with annuitized income than other income. I find little evidence that having a higher percentage of income that is fixed income results in higher women’s financial satisfaction.
The second chapter analyzes the remarrying decisions of widows by examining the effects of the social security age restriction rule. According to the current rule, a widowed individual can continue to receive the benefits from a previous marriage if the remarriage occurs at or after the age of 60. The results suggest that individuals that are age 60 and younger are less likely to remarry. Thus, Social Security Rule of Age restriction is associated negatively with the remarriage decision of widows. The third chapter examines whether individuals trust financial professionals and accept what they recommend. The results suggest that women are more likely to trust financial professionals and that individuals that are near retirement age are less likely to trust financial advisors. Thus, it concludes that gender and age are important personal characteristics that influence trust in financial professionals.

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Keywords

Women and Retirement

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