July 2020
03Jul

UK. Women’s pensions take the biggest hit after a divorce, with them retiring on a quarter of men’s retirement pots

Divorced women are retiring on pensions a quarter the size of men's, but break-ups take a financial toll on both genders, new research shows. Women who split with their partners reach retirement with savings of around £26,100, while divorced men have £103,500 by the time they stop work. That vastly undershoots the £51,000 and £156,500 which women and men who are not divorced retire on respectively, according to the study published by NOW: Pensions. The figures highlight the huge...

July 3, 2020
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May 2020
23May

The 2018 Pension Adequacy Report: current and future income adequacy in old age in the EU

By European Commission The 2018 edition of the triennial Pension Adequacy Report analyses how current and future pensions help prevent old-age poverty and maintain the income of men and women for the duration of their retirement. Volume I is devoted to comparative analysis of pension adequacy in the EU- 28. It examines the current living standards of older people and how they are shaped by pension systems, proceeds with an overview of recent pension reforms and concludes by analysing...

May 23, 2020
Adequacy, Aging, Books, Reports, , ,
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01May

Clearing the Bench: Using Mandatory Retirement to Promote Gender Parity in the U.S. and the EU Judiciaries

By Christine Chambers Goodman Many European Union (“EU”) countries have been particularly adept at implementing antidiscrimination laws that go beyond merely promoting gender diversity, but also toward obtaining gender parity in some areas. These laws, directives, and policies, along with other factors, have expanded the representation of women in the legal profession generally and specifically in the ranks of professional judge positions, such that women constitute a majority, however slight, of judges throughout the EU. On a parallel track,...

May 1, 2020
Articles, Labor Market, Pension design,
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April 2020
17Apr

Culture and Gender Allocation of Tasks: Source Country Characteristics and the Division of Non-Market Work among US Immigrants

By Francine D. Blau, Lawrence M. Kahn, Matthew Comey, Amanda Eng, Pamela Meyerhofer, Alexander Willen There is a well-known gender difference in time allocation within the household, which has important implications for gender differences in labor market outcomes. We ask how malleable this gender difference in time allocation is to culture. In particular, we ask if US immigrants allocate tasks differently depending upon the characteristics of the source countries from which they emigrated. Using data from the 2003-2017 waves...

April 17, 2020
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March 2020

05Mar

Gender pay gap in Europe: facts and figures

This year marks 25 years since the adoption of the UN’s Beijing Declaration aimed at the advancement of women around the globe, the 10th anniversary of UN Women - dedicated to gender equality and the empowerment of women - and five years since the adoption of the Sustainable Development Goals, one of which is gender equality. So where do we stand? Progress has been made, but inequality between men and women persists, including on the labour market. On average,...

March 5, 2020
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February 2020

05Feb

Pension inequality: Not enough is being done to close the wealth gap for women of colour in retirement

Since the dawn of auto-enrolment in 2012, the narrative from some in the corridors of power is that we have a pensions system which works for everybody. Not quite. While more than 10 million more workers have started saving over the past eight years, we still have a long way to go before we can argue with a straight face that the playing field for retirement saving is a level one. We now have more evidence about who the...

February 5, 2020
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December 2019

02Dec

UK. The Gap Between Male and Female Retirement Savings Is Astounding

Saving for retirement is crucial. Without independent savings, you risk struggling financially during your golden years. And when you think about the expenses you'll face when you're older, it's easy to see why. Read also UK. Digital Bank Revolut Partners With Smart Pension to Offer Business Pensions Functionalities Even if you manage to pay off your mortgage in time for retirement, you'll still need to cover other homeownership costs like property taxes, insurance, and upkeep. And while you won't have...

December 2, 2019
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November 2019

11Nov

Ireland. Eldercare can be a double whammy for working women

Recently my colleagues at the Economic and Social Research Institute (ESRI) presented research results on the gender pension gap in Ireland. The research, sponsored by the Pensions Council, which advises government on pension policy, showed a gap of 35 per cent between the pensions of men and women. It also showed that this gap is driven by differences in access to occupational pensions. Subsequently, other ESRI colleagues presented research on older workers in Ireland. The Health and Safety Authority...

November 11, 2019
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04Nov

Ireland. 54% of women who had State pensions reviewed after ‘cruel’ 2012 changes will get more money

54% OF WOMEN who had their State pensions reviewed following “cruel” 2012 changes are to get more money. Changes to the State pension introduced by the government in 2012 meant that carers who took time off work received less in their State pension – which particularly affected women who took time out to have children. Last year, Fine Gael promised to review the anomaly, and indicated that it would cost €55 million to fix it. The new approach meant...

November 4, 2019
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04Nov

Canada. Are automatic DC plan features affecting the pension gender gap?

With cohorts in the workforce behaving differently as they prepare for retirement, it’s important for plan sponsors to consider these differences along gender and generational lines. At Benefits Canada’s 2019 Defined Contribution Investment Forum in Toronto on Sept. 27, Jean Young, senior research associate at the Vanguard Center for Investor Research, shared a survey that found women (60 per cent) are slightly more likely than men (58 per cent) to participate in voluntary retirement plans. However, women have a...

November 4, 2019
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