9780199896608-0199896607-Shortchanged: Why Women Have Less Wealth and What Can Be Done About It

Shortchanged: Why Women Have Less Wealth and What Can Be Done About It

ISBN-13: 9780199896608
ISBN-10: 0199896607
Edition: Reprint
Author: Chang, Mariko Lin
Publication date: 2012
Publisher: Oxford University Press
Format: Paperback 226 pages
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Book details

ISBN-13: 9780199896608
ISBN-10: 0199896607
Edition: Reprint
Author: Chang, Mariko Lin
Publication date: 2012
Publisher: Oxford University Press
Format: Paperback 226 pages

Summary

Acknowledged authors Chang, Mariko Lin wrote Shortchanged: Why Women Have Less Wealth and What Can Be Done About It comprising 226 pages back in 2012. Textbook and eTextbook are published under ISBN 0199896607 and 9780199896608. Since then Shortchanged: Why Women Have Less Wealth and What Can Be Done About It textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

Women now receive more college degrees than men, and enter the workforce with better job opportunities than ever before. Indeed, the wage gap between men and women has never been smaller. So why does the typical woman have only 36 cents for every dollar of wealth owned by the typical man? How is it that never-married women working full-time have only 16% as much wealth as similarly situated men? And why do single mothers have only 8% of the wealth of single fathers?

The first book to focus on the differences in wealth between women and men, Shortchanged is a compelling and accessible examination of why women struggle to accumulate assets, who has what, and why it matters. Mariko Lin Chang draws on the most comprehensive national data on wealth and on in-depth interviews to show how differences in earnings, in saving and investing, and, most important, the demands of care-giving all contribute to the gender-wealth gap. She argues that the current focus on equal pay and family-friendly workplace policies, although important, will not ultimately change or eliminate wealth inequalities. What Chang calls the "wealth escalator"-comprised of fringe benefits, the tax code, and government benefits-and the "debt anchor" must be the targets of policies aimed at strengthening women's financial resources. Chang proposes a number of practical suggestions to address the unequal burdens and consequences of care-giving, so that women who work just as hard as men will not be left standing in financial quicksand.

A comprehensive portrait of where women and men stand with respect to wealth, Shortchanged not only sheds light on why women lack wealth, but also offers solutions for improving the financial situation of women, men, and families.

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