The Impact of Minority Group Status on the Projected Retirement Income of Divorced Women in the Baby Boom Cohort

Bibliographic Data

ID20393292
AuthorsBarbara A Butrica (0000-0002-4275-1449, Urban Institute), Howard M Iams
Year2003
Volume15
Issue2-3
Pages67-88
Publication date2003-03-01
Open AccessNo
TypeARTICLE
VenueJournal of Women & Aging (JOURNAL)
Journal identifiersISSN: 0895-2841 • E-ISSN: 1540-7322
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1300/j074v15n02_05
PMID14604002
OpenAlexW2069343388
LanguageEN
Citations received3
References cited7

Using projections from the Social Security Administration's Modeling Income in the Near Term (MINT1), we examine the characteristics and retirement income of white non-Hispanic, black non-Hispanic, and Hispanic divorced women in the baby boom cohort. Although we find significant differences in retirement income for divorced women of different racial and ethnic groups, the characteristics associated with higher or lower retirement income are very similar. That is, being college educated, owning a home, and having pension and asset income, for example, correspond to increased retirement income for all racial and ethnic groups. However, because black and Hispanic women are less likely than white women to be college educated, to own their home, and to have pension and asset income, their retirement income tends to be lower than that of white women. We conclude the paper by briefly discussing policy options to address the retirement needs of divorced women

Baby boom · Cohort · Demographic economics · Economics · Ethnic group · Health and Retirement Study · Labour economics · Pension · Political science · Social security · Sociology · Demography · Financial Literacy, Pension, Retirement Analysis · Gender, Labor, and Family Dynamics · Medicine · Retirement, Disability, and Employment · Finance · Gerontology

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