Decomposing the Gender Divorce Gap Among Personal Financial Planners

Meghaan R. Lurtz (), Derek T. Tharp (), Katherine S. Mielitz (), Michael Kitces () and D. Allen Ammerman ()
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Meghaan R. Lurtz: Kansas State University
Derek T. Tharp: University of Southern Maine
Katherine S. Mielitz: Oklahoma State University
D. Allen Ammerman: Georgetown University

Journal of Family and Economic Issues, 2020, vol. 41, issue 1, No 3, 19-36

Abstract: Abstract This study examines gender differences in divorce status among personal financial planners. Data for this study were collected in 2018 via Kitces.com; a website that provides continuing education to financial planners. The data set consists of detailed information on the backgrounds and practices of 583 financial planners in the United States. The associations between current divorce status and financial planner characteristics are estimated using a series of binomial logistic regressions. Female financial planners are found to be currently divorced at a rate nearly 270% higher than male financial planners. Blinder–Oaxaca decomposition analysis suggests that 34% of this gender divorce gap can be explained by the differences evaluated within this analysis. Among males, age and a desire for work-life balance are found to be positively associated with current divorce status, while agreeableness, working within an ensemble team structure, and a desire for lifestyle flexibility are found to be negatively associated with current divorce status. Among females, age and a desire for stable pay are found to be positively associated with current divorce status.

Keywords: Entrepreneurship; Divorce; Marriage; Financial planners (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s10834-019-09655-x

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