Gender Dimensions of Pension Reform in the Former Soviet Union

The authors analyze the gender implications of pension reform in Kazakhstan, the Kygyz Republic, Latvia, and Moldova. The new systems deliberately penalize early retirement and reward longer careers, so that with no change in behavior or policy, women's pensions will be lower than men's on...

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Main Authors:	Castel, Paulette, Fox, Louise
Format:	Policy Research Working Paper
Language:	en_US
Published:	World Bank, Washington, DC 2014
Subjects:	Pension reform Gender issues Transitional economies Cash transfer system Pay-as-you-go systems Defined contribution plans Retirement age Women status Labor markets Gender differences Maternity leave Public awareness
Online Access:	http://hdl.handle.net/10986/19964

id	okr-10986-19964
recordtype	oai_dc
spelling	okr-10986-199642021-04-23T14:03:52Z Gender Dimensions of Pension Reform in the Former Soviet Union Castel, Paulette Fox, Louise Pension reform Gender issues Transitional economies Cash transfer system Pay-as-you-go systems Defined contribution plans Retirement age Women status Labor markets Gender differences Maternity leave Public awareness The authors analyze the gender implications of pension reform in Kazakhstan, the Kygyz Republic, Latvia, and Moldova. The new systems deliberately penalize early retirement and reward longer careers, so that with no change in behavior or policy, women's pensions will be lower than men's on average. Still, the implicit financial returns for women remain higher on average than returns for men, because of women's longer life expectancy and because of redistributory minimum pensions. Overall, however, the net change in wealth resulting from the reforms will be larger on average for men than for women, because they will work longer and get a larger pension. Women's longer life expectancy means that women can expect to spend the last years of their lives alone. If their pensions are too low because of their work histories, poverty among elderly women may increase. 2014-09-04T20:44:13Z 2014-09-04T20:44:13Z 2001-02 http://hdl.handle.net/10986/19964 en_US Policy Research Working Paper;No. 2546 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Commonwealth of Independent States Kazakhstan Kyrgyz Republic Latvia Moldova
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	Pension reform Gender issues Transitional economies Cash transfer system Pay-as-you-go systems Defined contribution plans Retirement age Women status Labor markets Gender differences Maternity leave Public awareness
spellingShingle	Pension reform Gender issues Transitional economies Cash transfer system Pay-as-you-go systems Defined contribution plans Retirement age Women status Labor markets Gender differences Maternity leave Public awareness Castel, Paulette Fox, Louise Gender Dimensions of Pension Reform in the Former Soviet Union
geographic_facet	Commonwealth of Independent States Kazakhstan Kyrgyz Republic Latvia Moldova
relation	Policy Research Working Paper;No. 2546
description	The authors analyze the gender implications of pension reform in Kazakhstan, the Kygyz Republic, Latvia, and Moldova. The new systems deliberately penalize early retirement and reward longer careers, so that with no change in behavior or policy, women's pensions will be lower than men's on average. Still, the implicit financial returns for women remain higher on average than returns for men, because of women's longer life expectancy and because of redistributory minimum pensions. Overall, however, the net change in wealth resulting from the reforms will be larger on average for men than for women, because they will work longer and get a larger pension. Women's longer life expectancy means that women can expect to spend the last years of their lives alone. If their pensions are too low because of their work histories, poverty among elderly women may increase.
format	Publications & Research :: Policy Research Working Paper
author	Castel, Paulette Fox, Louise
author_facet	Castel, Paulette Fox, Louise
author_sort	Castel, Paulette
title	Gender Dimensions of Pension Reform in the Former Soviet Union
title_short	Gender Dimensions of Pension Reform in the Former Soviet Union
title_full	Gender Dimensions of Pension Reform in the Former Soviet Union
title_fullStr	Gender Dimensions of Pension Reform in the Former Soviet Union
title_full_unstemmed	Gender Dimensions of Pension Reform in the Former Soviet Union
title_sort	gender dimensions of pension reform in the former soviet union
publisher	World Bank, Washington, DC
publishDate	2014
url	http://hdl.handle.net/10986/19964
_version_	1764444178289262592

Gender Dimensions of Pension Reform in the Former Soviet Union

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