Equality of Retirement Benefits Received by Men and Women in Selected European Countries: Childbearing and Future Benefits

ENEPRI Research Report No. 56

24 Pages Posted: 24 Mar 2012

See all articles by Pawel Strzelecki

Pawel Strzelecki

National Bank of Poland; Warsaw School of Economics (SGH)

Joanna Stachura

affiliation not provided to SSRN

Irena Kotowska

Warsaw School of Economics (SGH)

Date Written: June 2, 2008

Abstract

This research report seeks to answer the question of whether old-age benefit rules for women could be altered with the aim not only of ensuring better benefits for older women but also of stimulating fertility. To address this question, a micro-simulation model has been developed. The input data for the model has been drawn from labour force survey data on employment patterns by age, gender, education, numbers of children, variations in the timing of caring for children and wage profiles for five countries: Italy, Latvia, Lithuania, Poland and Germany. Future retirement benefits are simulated under three variants: variant I uses country-specific labour market data and old-age pension systems; variant II makes use of German labour market data and country-specific old-age pension systems; and finally, variant III refers to country-specific labour market data and the Polish defined-contribution system. Each simulation variant entails four scenarios, which refer to the number of children and the timing of childcare.

The simulations show that the effects of differences in old-age systems for retirement benefits are relatively small and that what really matters is the labour market structure, which reflects the impact of children on employment patterns. Therefore, the report concludes that policies aimed at reducing the negative consequences children have on the labour market participation of mothers are recommended for increasing their old-age pensions. This approach would also help to diminish work-family tensions, which in turn could facilitate positive decisions about having children.

Keywords: retirement benefits, old-age, pension system, ageing, fertility, labour force, labour market, children

Suggested Citation

Strzelecki, Pawel and Stachura, Joanna and Kotowska, Irena, Equality of Retirement Benefits Received by Men and Women in Selected European Countries: Childbearing and Future Benefits (June 2, 2008). ENEPRI Research Report No. 56. Available at SSRN: https://ssrn.com/abstract=2027883 or http://dx.doi.org/10.2139/ssrn.2027883

Pawel Strzelecki (Contact Author)

National Bank of Poland

00-919 Warsaw
Poland

Warsaw School of Economics (SGH) ( email )

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

Joanna Stachura

affiliation not provided to SSRN

Irena Kotowska

Warsaw School of Economics (SGH)

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

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