Abstract

By considering the gender differences, this paper investigates the impacts of socioeconomic and demographic attributes on the persistence of individuals’ payments to their own private pension schemes. With separating the individuals according to their genders, we study totally 6,025 participants from 2004 to 2012. For men, it is found that amount of payment, age, marital status, education, being located in the industrial and financial center of Turkey, higher risk tolerance and total period remained in the system are all positively associated with the likelihood of being a persistent payer. For women, the findings for all the attributes align to those for men except for the marital status and being located in the industrial and financial center of Turkey. Overall, our results are plausible for financial institutions and policy makers that are typically sensitive to the payment persistence of the participants to the private pension schemes.

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