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

Author

Listed:
  • Jean Gardiner

    (University of Leeds, UK)

  • Andrew M Robinson

    (University of Leeds, UK)

  • Fathi Fakhfakh

    (University of Paris II, France)

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.

Suggested Citation

  • Jean Gardiner & Andrew M Robinson & Fathi Fakhfakh, 2016. "Exploring the private pension gender gap and occupation in later working life," Work, Employment & Society, British Sociological Association, vol. 30(4), pages 687-707, August.
    • Handle: RePEc:sae:woemps:v:30:y:2016:i:4:p:687-707
    DOI: 10.1177/0950017015575868
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    References listed on IDEAS

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    1. Philip J. O'Connell & Vanessa Gash, 2003. "The Effects of Working Time, Segmentation and Labour Market Mobility on Wages and Pensions in Ireland," British Journal of Industrial Relations, London School of Economics, vol. 41(1), pages 71-95, March.
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    3. Standing, Guy, 1999. "Global Feminization Through Flexible Labor: A Theme Revisited," World Development, Elsevier, vol. 27(3), pages 583-602, March.
    4. Antoine Bozio & Carl Emmerson & Gemma Tetlow, 2011. "How much do lifetime earnings explain retirement resources?," IFS Working Papers W11/02, Institute for Fiscal Studies.
    5. Tracey Warren, 2006. "Moving Beyond The Gender Wealth Gap: On Gender, Class, Ethnicity, And Wealth Inequalities In The United Kingdom," Feminist Economics, Taylor & Francis Journals, vol. 12(1-2), pages 195-219.
    6. Elena Bardasi & Stephen P. Jenkins, 2010. "The Gender Gap In Private Pensions," Bulletin of Economic Research, Wiley Blackwell, vol. 62(4), pages 343-363, October.
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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. 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.
    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. 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.
    5. 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.

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