Gender Inequality in Retirement Savings
By Dr David Knox, Michael Rice and Richard Dunn Over the last twenty years, there has been increasing interest in the reasons for the gap between the average male and female retirement balances. This gap, known as the gender pension gap1, is characterised by the fact that, on average, women tend to live on a lower income in retirement than men. It is usually measured by combining all sources of retirement income, whether public or private, pay-as-you-go or funded. In this...