Engagement with superannuation: Is there really a gender gap?

Abstract

Contrary to a 2012 report by Suncorp Bank and the Association of Superannuation Funds of Australia (ASFA), which identifies a gender gap in terms of superannuation engagement, we find that on most measures women are as engaged with their superannuation as men. Our findings indicate that the main determinants of engagement continue to be financial literacy, age and the value of superannuation. We also find that increasing financial literacy is the best way to increase engagement with superannuation.