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Project

Gender pension gap in Europe: Determinants and perspectives for the future.

Despite the abundance of research on the gender wage gap, there is relatively little research on the extent to which women's lower lifetime labour market outcomes translate into lower pension outcomes, taking cross-country perspective. This becomes even more relevant having in mind an ageing population, the falling ratio of the number of people of working age for every person of pensionable age, and the rising proportion of single-person households in Europe. This research aims to: (a) estimate the gender differentials in pension coverage/income in Europe based on the most recent available data, taking into account the life-course perspective, demographic and economic factors, household roles and preferences, and individual country heterogeneity; (b) answer the question whether there is a trade-off between the wages and occupational pensions and whether this differs by gender; (c) quantify the gender differences in the discount rate, i.e., the extent to which men and women differ in terms of valuing the present over the future; and (d) answer what is the role of the family members (partner, children) in securing women's old-age income. The findings will extend the theoretical knowledge in pension economics, indicate whether the current retirement systems in Europe are able to provide adequate pensions and offer insurance against an unexpectedly long life for both men and women, and shed light on policy challenges when trying to narrow the gender gap in old-age income.
Date:1 Jan 2021 →  Today
Keywords:LABOUR MARKET, GENDER, PENSIONS
Disciplines:Health, education and welfare economics, Labour and demographic economics, Applied economics not elsewhere classified, Econometric modelling, Micro-based behavioural economics