March 2025

On International Women’s Day, let’s focus on the gender pension gap

By Ivana Zanardo   Women in the workforce have made significant strides in recent decades: the gender wage gap is shrinking and more women hold a growing share of senior leadership positions at Canadian companies. But as we celebrate International Women’s Day, there’s another gap that should get more attention – the gender pension gap. Despite advancements made in the workplace, according to Stats Canada, women still face an annual income gap of 29 per cent. And what’s more worrisome is that we...

Women’s Employment Rate in Urban India Rises by 10% in Six Years: Report

Women’s employment in urban India has increased by 10% over the last six years (2017-18 to 2023-24), according to a report released ahead of International Women’s Day 2025. The white paper, published by the Great Lakes Institute of Management, Chennai, highlights that women in their 40s have the highest employment rate among urban women, reaching 38.3% in 2023-24. Challenges Persist Despite Employment Growth Despite this positive trend, the report warns of several pressing challenges, including: Underutilization of educated women’s skills Lack of flexible work arrangements Commuting challenges Risk of a diversity backlash According to the findings, over 89...

Women in Hong Kong face huge retirement income shortfall, Fidelity study shows

For nearly half the working women in Hong Kong, their main concern is insufficient income after retiring, according to one of the largest managers of the Mandatory Provident Fund (MPF), the city’s compulsory retirement scheme. Women in Hong Kong generally retire earlier than men at 62 and expect to incur an average monthly expense of HK$24,235 (US$3,120) in retirement, according to Fidelity International’s Asia-Pacific Investor Study released on Thursday, ahead of International Women’s Day on Saturday. The amount accounts for nearly 70 per...

UK. Pensions: New warning to women who risk running out of money

Women have been issued a pension warning as new research revealed they risk emptying their pension pots 14 years too soon. The research, released ahead of International Women’s Day (Saturday March 8) indicated that, based on current pension withdrawal rates, women could empty their private pension savings by the age of 73. Legal & General (L&G), which published the research, said that, with the average life expectancy of a 60-year-old woman in the UK sitting at 87, some female retirees could be left with a...

December 2024

The widening gender wage gap in the gig economy in China: the impact of digitalisation

The gig economy, fundamentally relying on the digital economy, is often celebrated for its potential to expand employment opportunities and close gender wage gaps. However, research on its gender impacts in China, the largest developing country with a rapidly expanding gig sector, is notably lacking. Employing discrimination theory, the findings challenge the prevailing optimistic view on the role of the gig economy. Utilising the China Labour Dynamics Survey data from 2014, 2016, and 2018, and applying the Bourguignon, Fournier,...

November 2024

Universalizing the Access to Long-Term Care: Evidence from Spain

By Joan Costa-i-Font, Sergi Jiménez-Martín, Cristina Vilaplana Prieto & Analía Viola Spain together with Scotland are two countries that exhibit the largest expansions in long term care (LTC) in the last two decades, universalizing subsidies and supports. This paper is part of a global effort to provide a snapshot of the trends in LTC use and access, as well as the financing, and organization of the LTC system compared to other higher-income countries. The passage of Act 39/2006 on the Promotion of Personal Autonomy...

October 2024

Labor Market Gender Gaps in Türkiye: A Bird’s Eye View

By Silvia Domit & Damla Kesimal Despite recent improvements, Türkiye’s low female labor force participation and high share of informal female workers stand out internationally. Closing these gender gaps would boost medium-term growth and make it more inclusive. This paper puts these gaps in an international context, explores their interlinkages with fiscal policies, and identifies policy priorities. Source SSRN

September 2024

UK. More than half of women expect to run out of money during retirement, as gender pensions gap persists – Fidelity International

More than half (52%) of women in the UK do not believe they will have enough money to sustain their income in retirement, according to findings from Fidelity International’s annual Women and Money study.1 The research indicates that a significant number of women have adjusted their financial plans in response to economic pressures over the past 12 months. Specifically, more than one in ten (12%) women have reduced their pension contributions – with those who have done so cutting back by an average of...

August 2024

UK. Britain should raise pension contributions to plug ‘gender gap’, consultant Mercer says

 The minimum amount that workers and employers in Britain put into pension pots should be raised to help plug a retirement cash gap between men and women, and boost investment in productive assets, pensions consultant Mercer said on Wednesday. Britain's new Labour government has announced a review of the pensions industry to give people more value and create bigger cash piles to invest in infrastructure and green technology to raise returns and economic growth. The government should consider increasing - in stages - the minimum...

July 2024

Retirement Decisions in the Age of Covid-19 are Older Employees in Digital Occupations Working Longer?

By Giovanni Gallo & Amparo Nagore This paper investigates the retirement response to the pandemic and to the resulting acceleration in the adoption of new technologies. Using the European Union Statistics of Income and Living Conditions datasets and making use of the natural experiment of many workers being forced to work from home in Europe during the lockdown, we compare the retirement response of older workers in digital occupations (i.e. more exposed to digital technology) versus non-digital occupations to detect...