Gender Gap Archives - Page 5 of 16 - Pension Policy International

08FebFebruary 8, 2023

The Road to Women Empowerment through the Mechanism of Self Help Groups

By Pallavi Mahajan Women constitute 48.10 percent of the population of India and only 27 percent of this adult women population has a steady income, which makes women ‘poorest of the poor (World Bank 2019). It has been asserted that comprehensive progression and inclusive development in India would be conceivable only when women are considered as equivalent agents in the development debate (Mazumdar 2004). In this parlance, the development agencies have increasingly regarded ‘empowerment’ as an essential objective to improve...

February 8, 2023

Articles, Labor Market2021, Financial Inclusion, Gender Gap, India

26JanJanuary 26, 2023

Gender-Inclusive Financial and Demographic Literacy: Lessons from the Empirical Evidence

By: Giovanna Apicella, Enrico G. De Giorgi, Emilia Di Lorenzo & Marilena Sibillo Longevity crucially affects demand for pensions, insurance products and annuities. Consistent empirical evidence shows that women have historically experienced lower mortality rates than men. In this paper, we study a measure of the gender gap in mortality rates, we call “Gender Gap Ratio”, across a wide range of ages and for four countries: France, Italy, Sweden and USA. We show the stylized facts that characterize the trend...

January 26, 2023

Articles, Pension design2023, Financial Literacy, Gender Gap

19JanJanuary 19, 2023

Ireland. Fears Pensions Gender Gap Will Worsen

Proposals by the Government for an auto-enrolment pension scheme will leave women worse off and "widen the pensions gender gap", an Oireachtas committee will be warned today. The scheme is designed to tackle Ireland's severely low pension coverage rates, with only one in three private sector workers signed up to a retirement savings scheme. Under the proposals, for every €3 saved by a worker, the Government will add another €1 - with employers also matching contributions of up to 6% of...

January 19, 2023

NewsGender Gap, Ireland

12JanJanuary 12, 2023

US. Unmarried Women No Longer Pay a Financial Penalty in Retirement

On the retirement front, a new study has some good news for unmarried women: They’re no longer falling behind their married peers. Still, it’s tough to celebrate equality when it seems to be driven mostly by the falling fortunes of men. Studies about how prepared US workers overall are for retirement tend to be incredibly depressing — and even more so when they focus on women, who say in staggering percentages that they’re worried about running out of money. Much...

January 12, 2023

NewsGender Gap, Income, Retirement Preparedness

06JanJanuary 6, 2023

The Effect of Pension Wealth on Employment

By Sebastian Becker, Hermann Buslei, Johannes Geyer & Peter Haan This study provides novel evidence about the pension wealth elasticity of employment. For the identification we exploit reform-induced variation of pension wealth that is related to the number of children but which does not affect the implicit tax rate of employment. We use a difference-in-differences estimator based on administrative data from the German pension insurance and find that, on average, the negative employment effect of pension wealth is significant and economically...

January 6, 2023

Articles, Pension design2022, Gender Gap, Labor Market, Pension Reform

07DecDecember 7, 2022

UK. More than 8.6mn missing out on workplace pension savings

More than 8.6mn people from “underpensioned” groups are missing out on workplace pension savings, according to a report by Now Pensions. The report, published on December 7 in collaboration with the Pensions Policy Institute, found a number of common factors within these groups that are causing barriers to saving, including non-traditional work patterns, a lower percentage of homeownership, and being impacted by inequalities in the labour market. People from underpensioned groups – including ethnic minorities, people with disabilities, carers and single...

December 7, 2022

NewsFinancial Inclusion, Gender Gap, Informal Sector, UK

13OctOctober 13, 2022

Australia must urgently fix pensions gender gap

Australia must urgently address the pensions gender gap in the upcoming federal budget, warns a body representing the nation’s A$3.3 trillion (US$2.1 trillion or RM9.84 trillion) of retirement savings. The government needs to make swift reforms to an industry that currently leaves retired Australian women with typically 23.1% less in their pension accounts than men, according to the Association of Superannuation Funds of Australia (ASFA). Pension payments should be made to workers on paid parental leave following the birth or adoption...

October 13, 2022

NewsAustralia, Gender Gap, Income

22SepSeptember 22, 2022

Women at the heart of Swiss pension reform vote

Switzerland votes Sunday on a divisive pension reform plan the government says is vital to safeguard benefits, including a controversial push to raise the retirement age for women. After two previous attempts in 2004 and 2017, Bern is hoping it can finally garner enough votes for its bid to "stabilise" Switzerland's old age security system, at risk of being submerged by the giant baby boomer generation reaching retirement age as life expectancy rises. One tool for raising more income for the...

September 22, 2022

NewsGender Gap, Pension Reform, Switzerland

20SepSeptember 20, 2022

African Women Impact Fund launches with USD$60 million commitment to drive an inclusive investment environment

The Economic Commission for Africa (ECA) and Standard Bank Group, with the support of the Arab Bank for Economic Development in Africa (BADEA), the Motor Industry Retirement Funds (MIRF) and Copartes Pension Fund and the African Union Commission (AUC), have announced the African Women Impact Fund (AWIF) Initiative's achievement of its first commitment of USD$60 million. The announcement was made at the inaugural The Global Africa Business Initiative, held from 18 – 19 September during the week of the United...

September 20, 2022

NewsAfrica, Equality, Gender Gap, Pension Management

08SepSeptember 8, 2022

Switzerland. Pensions vote: ‘the reform comes at the expense of women’

Vania Alleva, the boss of Switzerland’s largest trade union, says wage discrimination should be eliminated before women are made to work longer. She wants voters to say ‘no’ to a reform of the old-age pension system on September 25. The central plank of the reform is an increase in the retirement age for women from 64 to 65, putting them on an equal footing with men. Government, parliament, and parties from the right and centre all say this is a...

September 8, 2022

NewsGender Gap, Retirement Age, Switzerland

February 2023

The Road to Women Empowerment through the Mechanism of Self Help Groups

January 2023

Gender-Inclusive Financial and Demographic Literacy: Lessons from the Empirical Evidence

Ireland. Fears Pensions Gender Gap Will Worsen

US. Unmarried Women No Longer Pay a Financial Penalty in Retirement

The Effect of Pension Wealth on Employment

December 2022

UK. More than 8.6mn missing out on workplace pension savings

October 2022

Australia must urgently fix pensions gender gap

September 2022

Women at the heart of Swiss pension reform vote

African Women Impact Fund launches with USD$60 million commitment to drive an inclusive investment environment

Switzerland. Pensions vote: ‘the reform comes at the expense of women’