全球智库信息集成服务系统(G2TT): DP16172 Gender wage and longevity gaps and the design of retirement systems

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP16172
	DP16172 Gender wage and longevity gaps and the design of retirement systems
	Francesca Barigozzi; Helmuth Cremer; Jean-Marie Lozachmeur
发表日期	2021-05-19
出版年	2021
语种	英语
摘要	We study the design of pension benefits for male and female workers. Women live longer than men but have a lower wage. Individuals can be single or live in couples who pool their incomes. Social welfare is utilitarian but an increasing concave transformation of individuals' lifetime utilities introduces the concern for redistribution between individuals with different life-spans. We derive the optimal direction of redistribution and show how it is affected by a gender neutrality rule. With singles only, a simple utilitarian solution implies redistribution from males to females. When the transformation is sufficiently concave redistribution may or may not be reversed. With couples only, the ranking of gender retirement ages is always reversed when the transformation is sufficiently concave. Under gender neutrality pension schemes must be self-selecting. With singles only this implies distortions of retirement decision and restricts redistribution across genders. With couples, a first best that implies a lower retirement age for females can be implemented by a gender-neutral system. Otherwise, gender neutrality implies equal retirement ages and restricts the possibility to compensate the shorter-lived individuals. Calibrated simulations show that when singles and couples coexist, gender neutrality substantially limits redistribution in favor of single women and fully prevents redistribution in favor of male spouses.
主题	Public Economics
关键词	Gender wage gap Gender gap in longevity Retirement systems
URL	https://cepr.org/publications/dp16172
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/545145
推荐引用方式 GB/T 7714	Francesca Barigozzi,Helmuth Cremer,Jean-Marie Lozachmeur. DP16172 Gender wage and longevity gaps and the design of retirement systems. 2021.