Annotation 4

Arano, Kathleen; Parker, Carl; Terry, Rory. Gender-based Risk Aversion and Retirement Asset Allocation. Blackwell Publishing Limited, 2010. Print.

This article addresses the issue as to whether women are more risk aversive than men in the context of financial decisions and retirement planning. They demonstrate that although women are more conservative with economical decisions, their degree of uncertainty is much higher than in males. One factor that may be at work in this situation would be that the majority of women work less than men. This means they have a lesser sense of familiarity with the economical environment than do men leading to their inability to fully explore the works of economics. They invest less of their wealth in risky assets. In married households, the roles allocated to each spouse could be another reason for this. The husband typically withholds the responsibility of addressing factors as such. This article addresses many other factors such as age, income, financial obligations, wealth, etc.

The authors of this article suggest their aim to be to contrast the factors contributing to gender differences in financial situations, although their focus is undoubtedly women. There is not much comparison throughout the article therefore leading to a bias argument. Their arguments withhold a definite sense of reliability however. They demonstrate the legitimacy of their work through formulas and proven theories in a sense.

This source undoubtedly addresses my argument. They consider many different factors that I, myself, had not taken into thought. This article helps me to further explore my topic and present stronger evidence. They address the exact topic of gender and how this factor affects one's decisions.