Drivers of the Gender Gap in Pensions: Evidence from EU-SILC and the OECD Pension Models

Lis, Maciej; Bonthuis, Boele

doi:10.1596/978-1-4648-1455-6_ch18

Cited by 12 publications

(12 citation statements)

References 6 publications

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“…Furthermore, family caring commitments result in fragmented employment patterns and lower supply of hours, enforcing differences in hourly pay, occupational status and career trajectories, which then transform into pension inequalities later in life (Palmer, 2017). Lis and Bonthuis (2019) confirm this for Italy, Latvia, Norway, Poland, and Sweden; and Bonnet, Meurs, and Rapoport (2018) for France.…”

Section: Private Pensions and Inequality: Findings In The Literaturementioning

confidence: 73%

An appraisal of Turkey's voluntary individual pension system from a perspective of pension equality

2020

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Since 2003, Turkey's pension policy has been increasingly based on facilitation of individual savings administered by private pension funds. The introduction of private pensions is expected to reinforce inequalities as a result of socio‐demographic features and pension system design. This article evaluates voluntary individual pension system with a perspective on pension equality. Monthly contributions to pension accounts are explored on the basis of socio‐economic and demographic characteristics of the customers of a currently operating pension company. Findings reveal that differences in people's saving capacities have become a source for pension inequality. Furthermore, state subsidies, which increase in proportion to individual contributions, strengthen unequal distributional dynamics. Pension privatization harms social solidarity as it intensifies existing social inequalities.

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Section: Private Pensions and Inequality: Findings In The Literaturementioning

confidence: 73%

An appraisal of Turkey's voluntary individual pension system from a perspective of pension equality

2020

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“…By using 2009 EU-SILC results for EU27 member states (excluding Croatia), Bettio, Tinios and Betti (2013) carried out a statistical analysis showing that the EU27 weightedaverage GGP is 39%. Later research also confirmed the existence of GGP (see for example Arza, 2015;Burkevica et al, 2015;Tinios et al, 2015;Samek Lodovici et al, 2016;Lis and Bonthuis, 2019).…”

Section: Literature Reviewmentioning

confidence: 80%

“…This index is not discussed further in the paper. Lis and Bonthuis (2019) argue that gender differences in the labour market are a key driver of GGP. They conclude that although pension systems manage to reduce the cumulative inequality of wages from work to different levels in EU countries, the pension system alone cannot solve the GGP that arises from inequalities in the labour market.…”

Section: Literature Reviewmentioning

confidence: 99%

Untitled

2021

pse

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The purpose of the paper is to analyse and examine legal changes and requirements that affect retirement conditions and retirement rights for women in BH. After a discussion of the theoretical background of the gender gap in pensions internationally and in BH, an opinion survey related to pension system reforms was conducted in FBH. The results show that almost 50% of respondents disagree with the statement that women and men should retire at the same age. The results of the binomial logit regression conducted indicate that pensioners and those who are close to the retirement age are less likely, and men are more likely to respond positively to this statement. We conclude that there is a discrepancy between the desire to eliminate gender disparities in pensions and the willingness to conduct necessary reforms since they come as a bitter pill to swallow.

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“…Older cohorts are indeed more influenced by past gender inequality. As reported in Lis and Bonthuis (2019), "pensions of women are substantially lower than those of men, by 27 percent on average across the EU but by more than 40 percent in a few European countries. This average gap is higher than the one for hourly earnings at 14 percent".…”

Section: The Pension Gender Gapmentioning

confidence: 94%

“…Using data from the Labor Force Survey, the author found that part-time working, types of occupation, and employment represent the main reasons why women's incomes are lower than men's, and, as a consequence, after retirement, women appear to have reduced entitlement to benefits from pension schemes (Gough 2001). Therefore, focusing on the gender gap in pensions is fundamental to understand the well-functioning of a pension system; it is indeed an indicator of gender equality at older ages and might be useful in pointing out labor market inequalities (Lis and Bonthuis 2019).…”

Section: The Pension Gender Gapmentioning

confidence: 99%

The Effects of Pension Information on Individuals’ Economic Outcomes: A Survey

Basiglio

Oggero

2020

Economies

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This paper provides an overview of a wide array of research investigating the effects of pension information on different individuals’ economic outcomes. While many studies show that information provision increases knowledge, the evidence is mixed regarding its effects on behavior. Nevertheless, we draw some conclusions about the impact of pension information on three major economic outcomes, namely, retirement planning, choices pertaining individuals’ labor supply, and savings decisions. We also highlight that the lack of knowledge prevalently hits the most vulnerable individuals in the society, such as women. As a consequence, not providing sufficient information could contribute to widening the gender gap in pensions.

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Drivers of the Gender Gap in Pensions: Evidence from EU-SILC and the OECD Pension Models

Cited by 12 publications

References 6 publications

An appraisal of Turkey's voluntary individual pension system from a perspective of pension equality

An appraisal of Turkey's voluntary individual pension system from a perspective of pension equality

Untitled

The Effects of Pension Information on Individuals’ Economic Outcomes: A Survey

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