Pensions: The European gender gapby Quentin Hurel - 2013.06.10
In Europe, women receive average pensions 39% lower compared to those of men. A new report drafted by experts of the European Network of Experts in the Field of Gender Equality (ENEGE) has observed for the first time the gender gap in pensions in Europe. The study has found that 17 Member States had pension gaps greater or equal to 30%. The two widest gender pension gaps have been noted in Luxembourg (47%) and Germany (44%). At the other extreme, Estonia has the lowest gender pension gap (4%), followed by Slovakia (8%). The report has shown that the effects of lower employment rates among women extend into their retirement age. Indeed, marriage and motherhood are factors which increase gender pension gaps. The findings show a clear "motherhood penalty" and it is the case in nearly all Member States. Having children leads to pension disadvantages for women, and usually, it increases with the number of children. On the contrary, gaps are narrower for single women, even if they remain large (17%).
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