<abstract xmlns="http://www.w3.org/1999/xhtml">

<sec><h3>Research background</h3>
<p>Because of the convergence of demographic, political, and economic trends, retirement has become a significant stage of human life, which currently requires thoughtful and careful planning. Therefore, social pension schemes – a type of system under which the benefits are being provided – and women’s individual saving decisions should give consideration to the fact that it is necessary to accumulate additional funds which should be sufficient for several decades after retirement.</p>
</sec>
<sec><h3>Purpose</h3>
<p>Social pension schemes are widely discussed in all European countries, and in this context we can pose the following question: What is it exactly that makes women save for retirement? This paper has two objectives: to identify the factors that encourage women to save and to measure these factors and develop a model which shows correlations.</p>
</sec>
<sec><h3>Research methodology</h3>
<p>A questionnaire survey was used for collecting the primary data. Subsequently, the analysis is based on 4 indexes created for the purposes of this paper. Then, the indexes were estimated on the basis of the unidimensional two-parameter IRT model, rho and CR coefficients, and multiple-group logistic regression analysis.</p>
</sec>
<sec><h3>Novelty</h3>
<p>The conducted calculations lead to the conclusion that regardless of age, several factors are statistically significant for the whole analysed group, e.g. a place of residence. This is the first paper that shows determinants important for women when it comes to saving for retirement.</p>
</sec>
</abstract>

Research background
Because of the convergence of demographic, political, and economic trends, retirement has become a significant stage of human life, which currently requires thoughtful and careful planning. Therefore, social pension schemes – a type of system under which the benefits are being provided – and women’s individual saving decisions should give consideration to the fact that it is necessary to accumulate additional funds which should be sufficient for several decades after retirement.

Purpose
Social pension schemes are widely discussed in all European countries, and in this context we can pose the following question: What is it exactly that makes women save for retirement? This paper has two objectives: to identify the factors that encourage women to save and to measure these factors and develop a model which shows correlations.

Research methodology
A questionnaire survey was used for collecting the primary data. Subsequently, the analysis is based on 4 indexes created for the purposes of this paper. Then, the indexes were estimated on the basis of the unidimensional two-parameter IRT model, rho and CR coefficients, and multiple-group logistic regression analysis.

Novelty
The conducted calculations lead to the conclusion that regardless of age, several factors are statistically significant for the whole analysed group, e.g. a place of residence. This is the first paper that shows determinants important for women when it comes to saving for retirement.

An Attempt to Measure and Model Women’s Attitudes to Saving for Retirement

West Pomeranian University of Technology in Szczecin

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

{"article-title":"An Attempt to Measure and Model Women\u2019s Attitudes to Saving for Retirement"}

Research background
Because of the convergence of demographic, political, and economic trends, retirement has become a significant stage of human life, which...

An Attempt to Measure and Model Women’s Attitudes to Saving for Retirement

Published Online: Jun 09, 2023

Page range: 84 - 106

Received: Nov 12, 2022

Accepted: Jan 19, 2023

DOI: https://doi.org/10.2478/foli-2023-0005

Keywords
saving for retirement, women, household savings, pension system

© 2023 Joanna Hernik et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

An Attempt to Measure and Model Women’s Attitudes to Saving for Retirement

Published Online: Jun 09, 2023

Page range: 84 - 106

Received: Nov 12, 2022

Accepted: Jan 19, 2023

DOI: https://doi.org/10.2478/foli-2023-0005

Keywordssaving for retirement, women, household savings, pension system

© 2023 Joanna Hernik et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Keywords
saving for retirement, women, household savings, pension system