The Gender Pension Gap in Germany

13 Pages Posted: 26 Sep 2019 Last revised: 26 May 2020

See all articles by Alexandra Niessen-Ruenzi

Alexandra Niessen-Ruenzi

University of Mannheim, Department of Finance; University of Mannheim - Department of Finance

Christoph Schneider

University of Münster - Finance Center Münster

Date Written: September 17, 2019

Abstract

The gender pension gap in Germany amounts on average to 26 %. It starts to form at the age of 35 years. When entering retirement, women need an extra amount of roughly 25,000 Euro in nominal terms if they aim at closing this gap. A 40 year old woman would have to save an extra 2.3% of her annual income to close it, if the interest rate is 5%, if the inflation rate is 1.5%, and if she lives for another 15 years after retirement.

Keywords: Gender pension gap, gender equality, retirement savings

JEL Classification: J16, J32

Suggested Citation

Niessen-Ruenzi, Alexandra and Niessen-Ruenzi, Alexandra and Schneider, Christoph, The Gender Pension Gap in Germany (September 17, 2019). Available at SSRN: https://ssrn.com/abstract=3455189 or http://dx.doi.org/10.2139/ssrn.3455189

Alexandra Niessen-Ruenzi

University of Mannheim, Department of Finance ( email )

L9, 1-2
Mannheim, 68131
Germany
+49 621 181 1595 (Phone)

University of Mannheim - Department of Finance ( email )

Mannheim, 68131
Germany

Christoph Schneider (Contact Author)

University of Münster - Finance Center Münster ( email )

Universitätsstraße 14-16
Münster, 48143
Germany

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