The Impact of Lifetime Events on Pensions : NDC Schemes in Poland, Italy, and Sweden and the Point Scheme in Germany
The paper focuses on the interrupted careers in four countries where pensions are based on lifetime labor income, but they have different labor market patterns. High levels of employment in Germany and Sweden are in contrast with low levels of empl...
| Main Authors: | , , , , , |
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| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/965811557815618632/The-Impact-of-Lifetime-Events-on-Pensions-NDC-Schemes-in-Poland-Italy-and-Sweden-and-the-Point-Scheme-in-Germany http://hdl.handle.net/10986/31705 |
| Summary: | The paper focuses on the interrupted
careers in four countries where pensions are based on
lifetime labor income, but they have different labor market
patterns. High levels of employment in Germany and Sweden
are in contrast with low levels of employment, particularly
for women, in Italy and Poland. Career interruptions of
women in Italy mean early withdrawal from the labor market,
while in Sweden women choose part-time employment. Lower
employment rates and gender pay gaps are important causes of
differences in expected pension levels. The pension system
design and demographics are also different. Prolonging
working lives and reducing gender gaps in employment and
pay, particularly for those at risk of interrupted careers,
is key to ensure decent old-age pensions |
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