Drivers of Economic Outcomes for Single Women without Children in Retirement

Women, especially single women, are much more likely than men to live in poverty in old age and have lower median superannuation balances than men. This is generally attributed to interrupted workforce participation and the gender pay gap. This article examines the effects of Australian policy setti...

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Main Authors: Hamilton, Myra, Hodgson, Helen, Bradbury, Bruce
Format: Journal Article
Published: Thomson Reuters 2022
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/89414
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author Hamilton, Myra
Hodgson, Helen
Bradbury, Bruce
author_facet Hamilton, Myra
Hodgson, Helen
Bradbury, Bruce
author_sort Hamilton, Myra
building Curtin Institutional Repository
collection Online Access
description Women, especially single women, are much more likely than men to live in poverty in old age and have lower median superannuation balances than men. This is generally attributed to interrupted workforce participation and the gender pay gap. This article examines the effects of Australian policy settings on a subgroup of older single women: older single women without children. Little is known about this group, including to what extent gender inequalities persist when the motherhood penalty is removed. The study included: a review of relevant legislation; an analysis of Australia’s Housing and Labour Dynamics in Australia (HILDA) Survey; qualitative research with an online community of 45 older single women and interviews with 10 financial services providers. Findings suggest that higher earning capacity did not translate into better financial security in old age, as being single resulted in lower household wealth, including home ownership. This group also experiences career interruptions associated with family care. This led to insecurity in later life.
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spelling curtin-20.500.11937-894142024-05-22T09:04:58Z Drivers of Economic Outcomes for Single Women without Children in Retirement Hamilton, Myra Hodgson, Helen Bradbury, Bruce retirement income gender 1801 - Law 4804 - Law 4407 - Policy and administration 4410 - Sociology Women, especially single women, are much more likely than men to live in poverty in old age and have lower median superannuation balances than men. This is generally attributed to interrupted workforce participation and the gender pay gap. This article examines the effects of Australian policy settings on a subgroup of older single women: older single women without children. Little is known about this group, including to what extent gender inequalities persist when the motherhood penalty is removed. The study included: a review of relevant legislation; an analysis of Australia’s Housing and Labour Dynamics in Australia (HILDA) Survey; qualitative research with an online community of 45 older single women and interviews with 10 financial services providers. Findings suggest that higher earning capacity did not translate into better financial security in old age, as being single resulted in lower household wealth, including home ownership. This group also experiences career interruptions associated with family care. This led to insecurity in later life. 2022 Journal Article http://hdl.handle.net/20.500.11937/89414 Thomson Reuters fulltext
spellingShingle retirement income
gender
1801 - Law
4804 - Law
4407 - Policy and administration
4410 - Sociology
Hamilton, Myra
Hodgson, Helen
Bradbury, Bruce
Drivers of Economic Outcomes for Single Women without Children in Retirement
title Drivers of Economic Outcomes for Single Women without Children in Retirement
title_full Drivers of Economic Outcomes for Single Women without Children in Retirement
title_fullStr Drivers of Economic Outcomes for Single Women without Children in Retirement
title_full_unstemmed Drivers of Economic Outcomes for Single Women without Children in Retirement
title_short Drivers of Economic Outcomes for Single Women without Children in Retirement
title_sort drivers of economic outcomes for single women without children in retirement
topic retirement income
gender
1801 - Law
4804 - Law
4407 - Policy and administration
4410 - Sociology
url http://hdl.handle.net/20.500.11937/89414