Publication:
Gender Pension Gaps in a Private Retirement Accounts System: A Dynamic Model of Household Labor Supply and Savings

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dc.contributor.authorJoubert, Clement
dc.contributor.authorTodd, Petra E.
dc.date.accessioned2020-07-23T13:01:42Z
dc.date.available2020-07-23T13:01:42Z
dc.date.issued2020-07
dc.description.abstractThis paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement decisions to analyze how the design of a privatized pension system affects gender pension gaps. Chile has one of the longest running nationwide private retirements accounts systems in the world, operating since 1980. It has served as a model for many countries and was reformed in 2008 to alleviate old- age poverty and reduce gender pension gaps. The paper estimates the dynamic model using pre-reform data and compares the model's short-term predictions with available evidence on the reform's causal impacts. The analysis finds that household structure is an important determinant of the behavioral and distributional impacts of the reform. The paper evaluates how actual and counterfactual changes in the pension system design affect men's and women's economic decisions, pension receipts, and program costs over a longer time horizon. Three design features significantly reduce gender pension gaps: expanding minimum pension benefit eligibility, providing a per-child pension bonus, and increasing women's retirement age to be equal to men's.en
dc.identifierhttp://documents.worldbank.org/curated/en/455991594914622047/Gender-Pension-Gaps-in-a-Private-Retirement-Accounts-System-A-Dynamic-Model-of-Household-Labor-Supply-and-Savings
dc.identifier.doi10.1596/1813-9450-9322
dc.identifier.urihttps://hdl.handle.net/10986/34168
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9322
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPRIVATE PENSION
dc.subjectGENDER GAP
dc.subjectHOUSEHOLD LABOR
dc.subjectSAVINGS
dc.subjectRETIREMENT
dc.subjectPENSION SYSTEM
dc.titleGender Pension Gaps in a Private Retirement Accounts Systemen
dc.title.subtitleA Dynamic Model of Household Labor Supply and Savingsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleGender Pension Gaps in a Private Retirement Accounts System: A Dynamic Model of Household Labor Supply and Savings
okr.date.disclosure2020-07-16
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/455991594914622047/Gender-Pension-Gaps-in-a-Private-Retirement-Accounts-System-A-Dynamic-Model-of-Household-Labor-Supply-and-Savings
okr.guid455991594914622047
okr.identifier.doi10.1596/1813-9450-9322
okr.identifier.externaldocumentum090224b087bb0d6a_1_0
okr.identifier.internaldocumentum32249694
okr.identifier.reportWPS9322
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/455991594914622047/pdf/Gender-Pension-Gaps-in-a-Private-Retirement-Accounts-System-A-Dynamic-Model-of-Household-Labor-Supply-and-Savings.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryChile
okr.statistics.combined1743
okr.statistics.dr455991594914622047
okr.statistics.drstats1078
okr.topicGender::Gender and Economics
okr.topicGender::Gender and Social Policy
okr.topicPoverty Reduction::Inequality
okr.topicSocial Protections and Labor::Pensions & Retirement Systems
okr.unitDevelopment Research Group, Development Economics
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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