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Bridging Partner Lifecycle Earnings and Pension Gaps by Sharing NDC Accounts / Anna Klerby.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Klerby, Anna.
- Series:
- Social Protection and Labor Discussion Papers.
- World Bank e-Library.
- Social Protection and Labor Discussion Papers
- Language:
- English
- Subjects (All):
- Gender.
- Gender and Economic Policy.
- Pensions and Retirement Systems.
- Social Protections and Labor.
- Local Subjects:
- Gender.
- Gender and Economic Policy.
- Pensions and Retirement Systems.
- Social Protections and Labor.
- Place of Publication:
- Washington, D.C. : The World Bank, 2019.
- System Details:
- data file
- Summary:
- 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.
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