2016
DOI: 10.1177/0950017015575868
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Exploring the private pension gender gap and occupation in later working life

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 o… Show more

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Cited by 18 publications
(19 citation statements)
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“…In the UK, more women over 50 are working than ever before; as a result of government policy to extend working lives (Phillipson et al, 2016), financial necessity because of pay inequality (Smeaton and White, 2018), labour market activation policies (Ingold and Etherington, 2013), poor pension provision (Gardiner et al, 2016), or (even) because they enjoy working (Zou, 2015). Yet, despite any enjoyment that may be gained at work, older women are frequently squeezed: sandwiched between caring for children, and maybe grandchildren, while also often supporting elderly parents (Loretto and Vickerstaff, 2015).…”
Section: The Rise Of Older Womenmentioning
confidence: 99%
“…In the UK, more women over 50 are working than ever before; as a result of government policy to extend working lives (Phillipson et al, 2016), financial necessity because of pay inequality (Smeaton and White, 2018), labour market activation policies (Ingold and Etherington, 2013), poor pension provision (Gardiner et al, 2016), or (even) because they enjoy working (Zou, 2015). Yet, despite any enjoyment that may be gained at work, older women are frequently squeezed: sandwiched between caring for children, and maybe grandchildren, while also often supporting elderly parents (Loretto and Vickerstaff, 2015).…”
Section: The Rise Of Older Womenmentioning
confidence: 99%
“…1 Individuals contributing for a lesser number of years receive a lower amount. Some workers have the option to maintain a private pension scheme, but this is rarely the case for women (Gardiner et al 2015), which means that they are more often forced to rely on the flat-rate state pension alone. Additionally, the likelihood of receiving income from a private pension fund, and the amount received, is closely related to the individual's employment pattern (Ginn and Arber 1996).…”
Section: Study Aim and Hypothesesmentioning
confidence: 99%
“…Contributions to the basic state pension are acquired via years of employment, and individuals can opt into voluntary private pensions to supplement the basic state pension (Gardiner et al 2015). As women's reproductive labour is often linked with discontinuous working careers, they have a limited opportunity to build up state, private, or occupational pensions, with consequences for their pension incomes in later life (Ginn and Arber 1996;Evandrou and Glaser 2003;Sefton et al 2011;Gardiner et al 2015) and retirement timing (Finch 2014). Thus, women's life courses and economic resources are crucial factors in both the attraction and feasibility of labour market withdrawal (LMW) after the birth of a grandchild.…”
Section: Introductionmentioning
confidence: 99%
“…Evertsson, Grunow, and Aisenbrey (2016) argued that career interruptions are caused by unemployment, family leave, sick leave, and educational leave. Gender inequality is also observed in private pension wealth (Gardiner, Robinson, & Fakhfakh, 2015). Moreover, only a few women are represented on firms' boards (Mensi-Klarbach, 2014).…”
Section: Organizational Structure and Gendermentioning
confidence: 99%