The gender gap in pensions has been found to be more than double that in pay, according to a report by human resources consultancy Mercer. The study found that women in EU ( EU ) save just 16% less on average for their pensions than men, despite earning 40% less. One of EU countries have gender pension gaps of 40% . It shows that the savings divide varies widely from one member state to another, but that half of EU countries have gender pension gaps of 30% or more, with Cyprus recording the biggest. Factors contributing to the disparity are believed to include the lower participation rate of women in the workplace, part-time work, career breaks, lack of confidence and risk aversion.
The gender gap in pensions has been found to be more than double that in pay, according to a report by human resources consultancy Mercer. The study found that women in EU ( EU ) save just 16% less on average for their pensions than men, despite earning 40% less. One of EU countries have gender pension gaps of 40% . Factors contributing to the disparity are believed to include the lower participation rate of women in the workplace, part-time work, career breaks, lack of confidence and risk aversion.