Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts
Government budgetary pressures and demographic trends have made retirement income policy a priority in developed economies. One option for policy reform is to increase private saving. In Australia, legislation requiring compulsory employer payments for the purposes of retirement savings addresses th...
| Main Authors: | , |
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| Format: | Journal Article |
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Routledge
2005
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| Online Access: | http://hdl.handle.net/20.500.11937/29609 |
| _version_ | 1848752850413289472 |
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| author | Preston, Alison Jefferson, Therese |
| author_facet | Preston, Alison Jefferson, Therese |
| author_sort | Preston, Alison |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Government budgetary pressures and demographic trends have made retirement income policy a priority in developed economies. One option for policy reform is to increase private saving. In Australia, legislation requiring compulsory employer payments for the purposes of retirement savings addresses this option. This system poses particular difficulties for women who have broken patterns of paid employment and relatively low wages. When simulations that project likely employment participation and retirement outcomes incorporate a gendered approach and focus on the ''baby boomer'' cohort, the results highlight the low probability that women will accumulate adequate independent private retirement income. Over their lifetimes, Australian women baby boomers will spend around 35 percent less time in paid employment than their male counterparts. The projected average gender gap in compulsory accumulations is of a similarly large magnitude. The results emphasize the continuing need for publicly financed redistribution schemes, such as the Australian age pension. |
| first_indexed | 2025-11-14T08:15:10Z |
| format | Journal Article |
| id | curtin-20.500.11937-29609 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:15:10Z |
| publishDate | 2005 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-296092017-09-13T15:53:34Z Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts Preston, Alison Jefferson, Therese retirement Gender pensions wage gap superannuation aging Government budgetary pressures and demographic trends have made retirement income policy a priority in developed economies. One option for policy reform is to increase private saving. In Australia, legislation requiring compulsory employer payments for the purposes of retirement savings addresses this option. This system poses particular difficulties for women who have broken patterns of paid employment and relatively low wages. When simulations that project likely employment participation and retirement outcomes incorporate a gendered approach and focus on the ''baby boomer'' cohort, the results highlight the low probability that women will accumulate adequate independent private retirement income. Over their lifetimes, Australian women baby boomers will spend around 35 percent less time in paid employment than their male counterparts. The projected average gender gap in compulsory accumulations is of a similarly large magnitude. The results emphasize the continuing need for publicly financed redistribution schemes, such as the Australian age pension. 2005 Journal Article http://hdl.handle.net/20.500.11937/29609 10.1080/13545700500115902 Routledge restricted |
| spellingShingle | retirement Gender pensions wage gap superannuation aging Preston, Alison Jefferson, Therese Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts |
| title | Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts |
| title_full | Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts |
| title_fullStr | Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts |
| title_full_unstemmed | Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts |
| title_short | Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts |
| title_sort | australia's "other" gender wage gap: baby boomers and compulsory superannuation accounts |
| topic | retirement Gender pensions wage gap superannuation aging |
| url | http://hdl.handle.net/20.500.11937/29609 |