Household bargaining over wealth and the adequacy of women's retirement incomes in New Zealand

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dc.contributor.authorGibson, John
dc.contributor.authorLe, Trinh
dc.contributor.authorScobie, Grant
dc.date.accessioned2009-01-27T22:03:18Z
dc.date.available2009-01-27T22:03:18Z
dc.date.issued2006
dc.description.abstractBargaining models of household wealth accumulation point to a potential conflict of interest between husbands and wives. Wives are typically younger than their husbands and have longer life expectancy, so they must expect to finance a longer retirement period. Therefore, when they have greater relative bargaining power, households will accumulate more wealth. There is some weak evidence for this in the United States, but this article finds the opposite pattern in New Zealand, where women's greater bargaining power results in a lower net worth in the pre-retirement cohort of couples. In New Zealand, where public pensions are more generous than in the US and are not affected by holdings of private wealth or income, it may not be rational for women with greater relative bargaining power than their spouses to favor wealth accumulation. These results indicate the importance of the policy context when considering household bargaining models.en
dc.identifier.citationGibson, J., Le, T., Scobie, G. (2006). Household bargaining over wealth and the adequacy of women's retirement incomes in New Zealand. Feminist Economics, 12(1-2), 221-246.en
dc.identifier.doi10.1080/13545700500508536en
dc.identifier.urihttps://hdl.handle.net/10289/1866
dc.language.isoen
dc.publisherRoutledgeen_NZ
dc.relation.isPartOfFeminist Economicsen_NZ
dc.relation.urihttp://www.informaworld.com/smpp/content~content=a743887372~db=all~order=pageen
dc.subjectbargainingen
dc.subjectintrahouseholden
dc.subjectpensionsen
dc.subjectretirementen
dc.subjectwealthen
dc.titleHousehold bargaining over wealth and the adequacy of women's retirement incomes in New Zealanden
dc.typeJournal Articleen
pubs.begin-page221en_NZ
pubs.elements-id31688
pubs.end-page246en_NZ
pubs.issue1-2en_NZ
pubs.volume12en_NZ
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