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Newly available 401 (k) participant investment data may have implications for individual Social Security account (IA) proposals. We found that women with wages between 25, 000 and 50, 000 have a significantly greater probability of investing a small percentage of their 401 (k) in equities than their male counterparts, but those with salaries over 75, 000 have a smaller probability. Hence, women’s less aggressive investment behavior may be primarily due to younger cohorts and may not apply above a threshold wage. However, overall, 28. 4% of men and 33. 8% of women are conservative investors, suggesting the possible risk low IA accumulations under some proposals. © 2000 Elsevier Science Inc. All rights reserved.
VanDerhei et al. (Thu,) studied this question.