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    Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts

    Access Status
    Fulltext not available
    Authors
    Preston, Alison
    Jefferson, Therese
    Date
    2005
    Type
    Journal Article
    
    Metadata
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    Citation
    Preston, Alison and Jefferson, Therese. 2005. Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts. Feminist Economics 11 (2): 79-101.
    Source Title
    Feminist Economics
    DOI
    10.1080/13545700500115902
    Faculty
    Curtin Business School
    Graduate School of Business
    Remarks

    Preston, Alison and Jefferson, Therese (2005) Australia's "Other" Gender Wage Gap: Baby Boomers and Compulsory Superannuation Accounts, Feminist Economics 11(2):79-101.

    Feminist Economics is available online at: http://www.informaworld.com/

    URI
    http://hdl.handle.net/20.500.11937/29609
    Collection
    • Curtin Research Publications
    Abstract

    Government budgetary pressures and demographic trends have made retirement income policy a priority in developed economies. One option for policy reform is to increase private saving. In Australia, legislation requiring compulsory employer payments for the purposes of retirement savings addresses this option. This system poses particular difficulties for women who have broken patterns of paid employment and relatively low wages. When simulations that project likely employment participation and retirement outcomes incorporate a gendered approach and focus on the ''baby boomer'' cohort, the results highlight the low probability that women will accumulate adequate independent private retirement income. Over their lifetimes, Australian women baby boomers will spend around 35 percent less time in paid employment than their male counterparts. The projected average gender gap in compulsory accumulations is of a similarly large magnitude. The results emphasize the continuing need for publicly financed redistribution schemes, such as the Australian age pension.

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