Tue. Apr 23rd, 2019

Stopping working for children harms more the pension of qualified women

Dejar de trabajar por los hijos perjudica más la pensión de las mujeres cualificadas

The contribution gaps of the women, especially those linked to child care and dependents are a drag that creeps throughout the working life and ends up reflected in the pension. Stop to to work or reduce the workday It has a high personal and social cost.

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This is one of the main conclusions of the study on the gender gap in pensions, sponsored by the business platform ClosinGap and conducted by Analistas Financieros Internacionales (AFI).


"Talent is being wasted", warn from Afi

According to the analysis of AFI, presented on Thursday, the impact on pensions becomes evident especially after 40 years - when the contribution period begins to take into account in the calculation of the benefit-. In particular, leaving a year blank to care for children or another family member at that age leads to a reduction in the future pension 10% for workers with Mandatory studies (the equivalent of ESO) and of 14.8% for those with a university degree.

The report also warns that the abandonment of the labor market also penalizes the wages of working mothers. José Antonio Herce, associate director of AFI, has called for measures to reduce the problems of reconciling work and personal life, which must be borne by women. "Talent is being wasted, not only damaging women's pensions," he insisted.

Gender gap

Pensioners earn on average 422 euros less than men

Currently, pensioners earn an average of 740 euros per month, 422 euros less than men. The study estimates that the economic impact of this difference of what men and women perceive in 26,000 million euros, equivalent to 2.2% of GDP. The calculation takes into account the drag of the lower consumption capacity of the pensioners, as well as the lower tax collection that it entails.

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