Australia'S "Other" Gender Wage Gap: Baby Boomers And Compulsory Superannuation Accounts
AbstractGovernment budgetary pressures and demographic trends have made retirement income policy a priority in developed economies. One option for policy reform is to increase private saving. In Australia, legislation requiring compulsory employer payments for the purposes of retirement savings addresses this option. This system poses particular difficulties for women who have broken patterns of paid employment and relatively low wages. When simulations that project likely employment participation and retirement outcomes incorporate a gendered approach and focus on the “baby boomer” cohort, the results highlight the low probability that women will accumulate adequate independent private retirement income. Over their lifetimes, Australian women baby boomers will spend around 35 percent less time in paid employment than their male counterparts. The projected average gender gap in compulsory accumulations is of a similarly large magnitude. The results emphasize the continuing need for publicly financed redistribution schemes, such as the Australian age pension.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Feminist Economics.
Volume (Year): 11 (2005)
Issue (Month): 2 ()
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bateman,Hazel & Kingston,Geoffrey & Piggott,John, 2001.
Cambridge University Press, number 9780521484718, October.
- Andrew Worthington, 2008. "Knowledge and Perceptions of Superannuation in Australia," Journal of Consumer Policy, Springer, vol. 31(3), pages 349-368, September.
- Deborah A. Cobb‐Clark & Vincent A. Hildebrand, 2011.
"Portfolio Allocation In The Face Of A Means‐Tested Public Pension,"
Review of Income and Wealth,
International Association for Research in Income and Wealth, vol. 57(3), pages 536-560, 09.
- Deborah A. Cobb-Clark & Vincent Hildebrand, 2009. "Portfolio Allocation in the Face of a Means-Tested Public Pension," Social and Economic Dimensions of an Aging Population Research Papers 260, McMaster University.
- Cobb-Clark, Deborah A. & Hildebrand, Vincent A., 2009. "Portfolio Allocation in the Face of a Means-Tested Public Pension," IZA Discussion Papers 4481, Institute for the Study of Labor (IZA).
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