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Gender wage and longevity gaps and the design of retirement systems

Author

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  • Barigozzi, Francesca
  • Cremer, Helmuth
  • Lozachmeur, Jean-Marie

Abstract

We study the design of pension benefits for male and female workers. Women live longer than men but have a lower wage. Individuals can be single or live in couples who pool their incomes. Social welfare is utilitarian but an increasing concave transformation of individuals’ lifetime utilities introduces the concern for redistribution across individuals with different lifespans.

Suggested Citation

  • Barigozzi, Francesca & Cremer, Helmuth & Lozachmeur, Jean-Marie, 2023. "Gender wage and longevity gaps and the design of retirement systems," Journal of Economic Behavior & Organization, Elsevier, vol. 209(C), pages 263-287.
    • Handle: RePEc:eee:jeborg:v:209:y:2023:i:c:p:263-287
    DOI: 10.1016/j.jebo.2023.03.007
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    More about this item

    Keywords

    Gender wage gap; Gender gap in longevity; Retirement systems;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation

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