Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

Gender Difference in Retirement Income and Pension Policy – Simulating the Effects of Various DB and DC Schemes. ENEPRI Research Reports No. 59, 25 August 2008

Belloni, Michele. and Fornero, Elsa. (2008) Gender Difference in Retirement Income and Pension Policy – Simulating the Effects of Various DB and DC Schemes. ENEPRI Research Reports No. 59, 25 August 2008. UNSPECIFIED.

[img]
Preview
PDF - Published Version
Download (261Kb) | Preview

    Abstract

    This analysis evaluates the relative pension positions of men and women, under different characterisations of their respective working lives and pension designs. Both Defined Benefit (DB) and Defined Contribution (DC) schemes are considered, as well as a few variants of their basic pension formula, each exemplifying a stylised normative framework. Not surprisingly, the working career is the most relevant factor in determining the relative retirement income of women with respect to men; pension systems can compensate, but only up to a point. As for a comparison between DB and DC systems, taken without explicit redistributive measures, the latter can fare better than the former in providing a more equal distribution of retirement income between men and women, because it removes the greater return to steeper earnings profiles, more characteristic of men. The introduction of a minimum pension provision in the DB system improves the relative position of women with discontinuous or poor careers, while, in DC systems, a formal recognition of women’s care activities through pension credits seems less effective than neutralising their longer life expectancy in the determination of the pension benefits using unisex longevity tables.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > social policy > welfare state
    EU policies and themes > Policies & related activities > social policy > gender policy/equal opportunity
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > ENEPRI Research Reports
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 24 Apr 2009
    Page Range: p. 21
    Last Modified: 06 Apr 2012 13:49
    URI: http://aei.pitt.edu/id/eprint/9444

    Actions (login required)

    View Item

    Document Downloads