The gendered construction of risk in asset accumulation for retirement

IF 3.8 2区经济学 Q1 ECONOMICS

New Political Economy Pub Date : 2022-11-28 DOI:10.1080/13563467.2022.2149720

H. James, Ariane Agunsoye

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引用次数: 3

Abstract

ABSTRACT This work contributes to the political economy literature by elucidating gendered socio-cultural practices germane to everyday financialisation. The financialisation of retirement provision in the UK expects individuals to negotiate risk and reward across diverse investments. Existing quantitative research highlights gender disparities in terms of who saves and how much, often interpreted as inherent behavioural traits which cast female behaviour as irrational. Yet, this ignores the dominance of masculine norms in shaping financial capitalism and the impact of gender-normative roles on everyday behaviours. Building on insights feminist political economy, this paper examines how constructions of gender, meaning socialised gender roles and norms, shape the ways men and women deal with financial risk when accumulating assets for later life. Drawing on 105 semi-structured interviews, we find that men and women understand and respond to risk in different and contradictory ways based on constructions of gender. These distinct approaches lead to divergent investment strategies: men tend to align with the gendered role of the risk-seeking investor, while women tend to feel alienated by models of investment which do not appear to fit feminine norms. This disparity compounds the effect of structural inequalities with implications for long-term welfare under financialisation.

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退休资产积累风险的性别建构

本文通过阐释与日常金融化密切相关的性别社会文化实践，为政治经济学文献做出了贡献。英国退休准备金的金融化要求个人就各种投资的风险和回报进行协商。现有的定量研究强调了在谁储蓄以及储蓄多少方面的性别差异，这些差异通常被解释为固有的行为特征，使女性的行为变得不理性。然而，这忽略了男性规范在塑造金融资本主义中的主导地位，以及性别规范角色对日常行为的影响。基于对女权主义政治经济学的见解，本文研究了性别结构，即社会化的性别角色和规范，如何塑造男性和女性在为以后的生活积累资产时应对金融风险的方式。通过105次半结构化访谈，我们发现男性和女性基于性别结构，以不同且矛盾的方式理解和应对风险。这些不同的方法导致了不同的投资策略：男性倾向于与寻求风险的投资者的性别角色保持一致，而女性倾向于被似乎不符合女性规范的投资模式疏远。这种差异加剧了结构性不平等的影响，并对金融化下的长期福利产生了影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

New Political Economy Multiple-

CiteScore

10.10

自引率

9.50%

发文量

期刊介绍： New Political Economy aims to create a forum for work which combines the breadth of vision which characterised the classical political economy of the nineteenth century with the analytical advances of twentieth century social science. It seeks to represent the terrain of political economy scholarship across different disciplines, emphasising original and innovative work which explores new approaches and methodologies, and addresses core debates and issues of historical and contemporary relevance.