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When Will the Gender Gap in Retirement Income Narrow?

Author

Listed:
  • William E. Even

    () (Department of Economics, Miami University, Oxford)

  • David A. Macpherson

    () (Department of Economics, Florida State University, Tallahassee)

Abstract

Among recent retirees, women receive substantially less retirement income from Social Security and private pensions than men. Increases in women's labor market attachment and earnings relative to men over the past 50 years provide some optimism for an improvement in female retirement income, particularly for married women. This study shows that women's income from Social Security and private pensions has improved only slightly relative to men over the past 25 years. Using data on people approaching retirement age over the next 20 years, prospects for future improvement are investigated. One of the main conclusions is that pension income among women (particularly married women) will rise sharply relative to men's over the next few decades, but a substantial gap could remain even if women close the gap in experience and salaries.

Suggested Citation

  • William E. Even & David A. Macpherson, 2004. "When Will the Gender Gap in Retirement Income Narrow?," Southern Economic Journal, Southern Economic Association, vol. 71(1), pages 182-200, July.
  • Handle: RePEc:sej:ancoec:v:71:1:y:2004:p:182-200
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    Cited by:

    1. Tianhong Chen & John A. Turner, 2015. "Gender and Public Pensions in China: Do Pensions Reduce the Gender Gap in Compensation?," Sustainability, MDPI, Open Access Journal, vol. 7(2), pages 1-15, January.

    More about this item

    JEL classification:

    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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