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Exploring the private pension gender gap and occupation in later working life

Author

Listed:
  • Jean Gardiner

    (University of Leeds)

  • Andrew M Robinson

    (University of Leeds)

  • Fathi Fakhfakh

    (UP2 - Université Panthéon-Assas, TEPP - Travail, Emploi et Politiques Publiques - UPEM - Université Paris-Est Marne-la-Vallée - CNRS - Centre National de la Recherche Scientifique, CRED - Centre de Recherche en Economie et Droit - UP2 - Université Panthéon-Assas)

Abstract

This article investigates the gender gap in private pension (PP) membership and wealth across different occupations among a cohort of employees using data from the English Longitudinal Study of Ageing. Using a Heckman selection model to correct for selection bias the results show that gender has a stronger effect than occupation on PP membership and that it is female employees’ lower rate of PP membership that has the greatest impact on their ability to accumulate PP wealth, rather than their ability to save once a member. The size of the gender gap in PP wealth is also conditioned by occupation. Analysis of the interaction of these two variables provides new insights into the heterogeneity of women’s private pension experience and the emergence of a ‘privileged pole’ among professional women.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Jean Gardiner & Andrew M Robinson & Fathi Fakhfakh, 2016. "Exploring the private pension gender gap and occupation in later working life," Post-Print hal-04149260, HAL.
    • Handle: RePEc:hal:journl:hal-04149260
    DOI: 10.1177/0950017015575868
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    Cited by:

    1. Gornick, Janet & Sierminska, Eva, 2021. "Wealth Accumulation and Retirement Preparedness in Cross-National Perspective: A Gendered Analysis of Outcomes among Single Adults," IZA Policy Papers 181, Institute of Labor Economics (IZA).
    2. Carla Rowold, 2024. "Differences in gender pension gaps in public and private pensions in West Germany: what role do work-family life courses play?," MPIDR Working Papers WP-2024-015, Max Planck Institute for Demographic Research, Rostock, Germany.
    3. Heather Joshi & Alexander Bryson & David Wilkinson & Kelly Ward, 2021. "The gender gap in wages over the life course: Evidence from a British cohort born in 1958," Gender, Work and Organization, Wiley Blackwell, vol. 28(1), pages 397-415, January.
    4. Karla Cordova & Markus M. Grabka & Eva Sierminska, 2022. "Pension Wealth and the Gender Wealth Gap," European Journal of Population, Springer;European Association for Population Studies, vol. 38(4), pages 755-810, October.
    5. Clare Butler, 2020. "Managing the Menopause through ‘Abjection Work’: When Boobs Can Become Embarrassingly Useful, Again," Work, Employment & Society, British Sociological Association, vol. 34(4), pages 696-712, August.
    6. Nolan, Brian & C. Palomino, Juan, 2024. "The Gender Wealth Gap and the Role of Private Pension Wealth in Great Britain," INET Oxford Working Papers 2024-03, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.

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