Beyond the pay gap: The retirement disadvantage of being female
DOI:
https://doi.org/10.26686/pq.v14i1.4755Keywords:
Kiwisaver, pay gap, gender discrimination, retirement, Ministry for Women, lifetime incomeAbstract
The gender pay gap in New Zealand is often discussed in terms of hourly wages or represented by the idea that women effectively work for free from 14 November until the New Year (Lawless, 2017). What isn’t often considered is how the disparities in earning, promotion opportunities and time out of the workforce for family can compound into an exponential affect on retirement savings, like so much interest never received. According to the ANZ bank, the average woman retiring in 2017 will have $80,000 less in her KiwiSaver account than if she were male (Edmunds, 2017b), and the gap is growing: back in 2015 it was $60,000 (Parker, 2017; ANZ, 2015).
Downloads
Downloads
Published
Issue
Section
License
Permission: In the interest of promoting debate and wider dissemination, the IGPS encourages use of all or part of the articles appearing in PQ, where there is no element of commercial gain. Appropriate acknowledgement of both author and source should be made in all cases. The IGPS retains copyright. Please direct requests for permission to reprint articles from this publication to igps@vuw.ac.nz.
