Gender-Differentiated Impacts of Pension Reform
Many countries have initiated pension reform to cope with aging populations and fiscally unsustainable pension systems. The reforms often aim to separate the safety net and savings functions of pension systems, and to minimize incentive distortions...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2004/04/5177570/gender-differentiated-impacts-pension-reform http://hdl.handle.net/10986/11275 |
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okr-10986-112752021-04-23T14:02:54Z Gender-Differentiated Impacts of Pension Reform van Selm, Alexandra AGING AGING POPULATIONS ANNUITIES ANNUITY DEFINED BENEFITS DEFINED CONTRIBUTIONS DIVORCE EMPLOYMENT GENDER GENDER EQUALITY GENDER GAP GENDER ISSUES GRADUAL WITHDRAWALS JOINT ANNUITY LABOR FORCE PARTICIPATION LIFE EXPECTANCIES MARRIED MEN MARRIED WOMEN MORTALITY MORTALITY TABLES OLD AGE PENSION REFORM PENSION REFORMS PENSION SYSTEM PENSION SYSTEMS PENSIONS PRIVATE PILLAR PUBLIC PILLAR REPLACEMENT RATES RESEARCH REPORT RETIREMENT RETIREMENT AGE RETIREMENT AGES SAFETY SEX SINGLE WOMEN SOCIAL ASSISTANCE SOCIAL SECURITY SOCIAL SECURITY REFORM SURVIVOR PENSIONS UNEMPLOYMENT UNISEX TABLES WAGE GAP WHO WIDOWS YOUNG WORKERS Many countries have initiated pension reform to cope with aging populations and fiscally unsustainable pension systems. The reforms often aim to separate the safety net and savings functions of pension systems, and to minimize incentive distortions. They usually involve moving from a single public pillar to a multipillar system, with the latter consisting of a private pillar (with defined contributions) and a more targeted public pillar (with defined benefits). Gender issues arise in pension design because men and women have different employment histories and life expectancies. Women tend to have shorter histories in the formal labor market because they take time off to care for children and are permitted to retire earlier than men. During their working years they also earn less than men, on average (World Bank 2001). As a result, women contribute less to pension systems than men, and are likely to end up with smaller pensions if benefits are closely linked to contributions-as in the defined contribution pillar of new systems. However, the public pillar in new systems often includes a safety net that provides a public transfer to women. 2012-08-13T14:37:49Z 2012-08-13T14:37:49Z 2004-04 http://documents.worldbank.org/curated/en/2004/04/5177570/gender-differentiated-impacts-pension-reform http://hdl.handle.net/10986/11275 English PREM Notes; No. 85 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
| topic |
AGING AGING POPULATIONS ANNUITIES ANNUITY DEFINED BENEFITS DEFINED CONTRIBUTIONS DIVORCE EMPLOYMENT GENDER GENDER EQUALITY GENDER GAP GENDER ISSUES GRADUAL WITHDRAWALS JOINT ANNUITY LABOR FORCE PARTICIPATION LIFE EXPECTANCIES MARRIED MEN MARRIED WOMEN MORTALITY MORTALITY TABLES OLD AGE PENSION REFORM PENSION REFORMS PENSION SYSTEM PENSION SYSTEMS PENSIONS PRIVATE PILLAR PUBLIC PILLAR REPLACEMENT RATES RESEARCH REPORT RETIREMENT RETIREMENT AGE RETIREMENT AGES SAFETY SEX SINGLE WOMEN SOCIAL ASSISTANCE SOCIAL SECURITY SOCIAL SECURITY REFORM SURVIVOR PENSIONS UNEMPLOYMENT UNISEX TABLES WAGE GAP WHO WIDOWS YOUNG WORKERS |
| spellingShingle |
AGING AGING POPULATIONS ANNUITIES ANNUITY DEFINED BENEFITS DEFINED CONTRIBUTIONS DIVORCE EMPLOYMENT GENDER GENDER EQUALITY GENDER GAP GENDER ISSUES GRADUAL WITHDRAWALS JOINT ANNUITY LABOR FORCE PARTICIPATION LIFE EXPECTANCIES MARRIED MEN MARRIED WOMEN MORTALITY MORTALITY TABLES OLD AGE PENSION REFORM PENSION REFORMS PENSION SYSTEM PENSION SYSTEMS PENSIONS PRIVATE PILLAR PUBLIC PILLAR REPLACEMENT RATES RESEARCH REPORT RETIREMENT RETIREMENT AGE RETIREMENT AGES SAFETY SEX SINGLE WOMEN SOCIAL ASSISTANCE SOCIAL SECURITY SOCIAL SECURITY REFORM SURVIVOR PENSIONS UNEMPLOYMENT UNISEX TABLES WAGE GAP WHO WIDOWS YOUNG WORKERS van Selm, Alexandra Gender-Differentiated Impacts of Pension Reform |
| relation |
PREM Notes; No. 85 |
| description |
Many countries have initiated pension
reform to cope with aging populations and fiscally
unsustainable pension systems. The reforms often aim to
separate the safety net and savings functions of pension
systems, and to minimize incentive distortions. They usually
involve moving from a single public pillar to a multipillar
system, with the latter consisting of a private pillar (with
defined contributions) and a more targeted public pillar
(with defined benefits). Gender issues arise in pension
design because men and women have different employment
histories and life expectancies. Women tend to have shorter
histories in the formal labor market because they take time
off to care for children and are permitted to retire earlier
than men. During their working years they also earn less
than men, on average (World Bank 2001). As a result, women
contribute less to pension systems than men, and are likely
to end up with smaller pensions if benefits are closely
linked to contributions-as in the defined contribution
pillar of new systems. However, the public pillar in new
systems often includes a safety net that provides a public
transfer to women. |
| format |
Publications & Research :: Brief |
| author |
van Selm, Alexandra |
| author_facet |
van Selm, Alexandra |
| author_sort |
van Selm, Alexandra |
| title |
Gender-Differentiated Impacts of Pension Reform |
| title_short |
Gender-Differentiated Impacts of Pension Reform |
| title_full |
Gender-Differentiated Impacts of Pension Reform |
| title_fullStr |
Gender-Differentiated Impacts of Pension Reform |
| title_full_unstemmed |
Gender-Differentiated Impacts of Pension Reform |
| title_sort |
gender-differentiated impacts of pension reform |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2004/04/5177570/gender-differentiated-impacts-pension-reform http://hdl.handle.net/10986/11275 |
| _version_ |
1764416149625241600 |