Bridging Partner Lifecycle Earnings and Pension Gaps by Sharing NDC Accounts

Bridging Partner Lifecycle Earnings and Pension Gaps by Sharing NDC Accounts

Sweden’s gender pension gap is about 33 percent at retirement, reflecting the gender earnings gap – itself a reflection of a structural gender difference in low-pay jobs for women and men and career advancement opportunities. The individual nonfina...

Full description

Bibliographic Details
Main Authors: Klerby, Anna, Larsson, Bo, Palmer, Edward
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
PENSIONS
GENDER GAP
NONFINANCIAL DEFINED CONTRIBUTIONS
PENSION GUARANTEE
GENDER PENSION GAP
GENDER EARNINGS GAP
Online Access:http://documents.worldbank.org/curated/en/165841556876702130/Bridging-Partner-Lifecycle-Earnings-and-Pension-Gaps-by-Sharing-NDC-Accounts
http://hdl.handle.net/10986/31649
id okr-10986-31649
recordtype oai_dc
spelling okr-10986-316492021-05-25T09:23:22Z Bridging Partner Lifecycle Earnings and Pension Gaps by Sharing NDC Accounts Klerby, Anna Larsson, Bo Palmer, Edward PENSIONS GENDER GAP NONFINANCIAL DEFINED CONTRIBUTIONS PENSION GUARANTEE GENDER PENSION GAP GENDER EARNINGS GAP Sweden’s gender pension gap is about 33 percent at retirement, reflecting the gender earnings gap – itself a reflection of a structural gender difference in low-pay jobs for women and men and career advancement opportunities. The individual nonfinancial defined contribution (NDC) account data examined show that the allocation of time to informal care work in the home versus formal market work is the main determinant of the gaps. A case is presented for sharing accounts as the default, making the cost of women’s time in home care explicit and negotiable, reducing the minimum guarantee pension’s role as an implicit tax-financed spousal subsidy. The paper also analyzes the likelihood of needing a guarantee and the effect of sharing under various circumstances. 2019-05-07T17:25:00Z 2019-05-07T17:25:00Z 2019-04 Working Paper http://documents.worldbank.org/curated/en/165841556876702130/Bridging-Partner-Lifecycle-Earnings-and-Pension-Gaps-by-Sharing-NDC-Accounts http://hdl.handle.net/10986/31649 English Social Protection and Jobs Discussion Paper,no. 1919; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Europe and Central Asia Sweden
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PENSIONS
GENDER GAP
NONFINANCIAL DEFINED CONTRIBUTIONS
PENSION GUARANTEE
GENDER PENSION GAP
GENDER EARNINGS GAP
spellingShingle PENSIONS
GENDER GAP
NONFINANCIAL DEFINED CONTRIBUTIONS
PENSION GUARANTEE
GENDER PENSION GAP
GENDER EARNINGS GAP
Klerby, Anna
Larsson, Bo
Palmer, Edward
Bridging Partner Lifecycle Earnings and Pension Gaps by Sharing NDC Accounts
geographic_facet Europe and Central Asia
Sweden
relation Social Protection and Jobs Discussion Paper,no. 1919;
description Sweden’s gender pension gap is about 33 percent at retirement, reflecting the gender earnings gap – itself a reflection of a structural gender difference in low-pay jobs for women and men and career advancement opportunities. The individual nonfinancial defined contribution (NDC) account data examined show that the allocation of time to informal care work in the home versus formal market work is the main determinant of the gaps. A case is presented for sharing accounts as the default, making the cost of women’s time in home care explicit and negotiable, reducing the minimum guarantee pension’s role as an implicit tax-financed spousal subsidy. The paper also analyzes the likelihood of needing a guarantee and the effect of sharing under various circumstances.
format Working Paper
author Klerby, Anna
Larsson, Bo
Palmer, Edward
author_facet Klerby, Anna
Larsson, Bo
Palmer, Edward
author_sort Klerby, Anna
title Bridging Partner Lifecycle Earnings and Pension Gaps by Sharing NDC Accounts
title_short Bridging Partner Lifecycle Earnings and Pension Gaps by Sharing NDC Accounts
title_full Bridging Partner Lifecycle Earnings and Pension Gaps by Sharing NDC Accounts
title_fullStr Bridging Partner Lifecycle Earnings and Pension Gaps by Sharing NDC Accounts
title_full_unstemmed Bridging Partner Lifecycle Earnings and Pension Gaps by Sharing NDC Accounts
title_sort bridging partner lifecycle earnings and pension gaps by sharing ndc accounts
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/165841556876702130/Bridging-Partner-Lifecycle-Earnings-and-Pension-Gaps-by-Sharing-NDC-Accounts
http://hdl.handle.net/10986/31649
_version_ 1764474794730848256

Similar Items