TY - JOUR
T1 - A Minimum Pension Guarantee Application for the Individual Pension System in Turkey
T2 - A Gendered Approach
AU - Şahin, Şule
AU - Elveren, Adem Yavuz
PY - 2014/7
Y1 - 2014/7
N2 - This study examines the minimum pension guarantee (MPG), a promise by government or pension fund management that at retirement, a person's annuitized benefit will be above a prespecified minimum level. For the first time, we use an actuarial model to discuss the role of MPG in lessening the gender gaps in pension incomes in the Individual Pension System of Turkey. Our results reveal that women would be more likely than men to receive pension subsidies and would require larger pension subsidies for every combination of investment decision and years of pension participation if MPGs were implemented.
AB - This study examines the minimum pension guarantee (MPG), a promise by government or pension fund management that at retirement, a person's annuitized benefit will be above a prespecified minimum level. For the first time, we use an actuarial model to discuss the role of MPG in lessening the gender gaps in pension incomes in the Individual Pension System of Turkey. Our results reveal that women would be more likely than men to receive pension subsidies and would require larger pension subsidies for every combination of investment decision and years of pension participation if MPGs were implemented.
KW - defined contribution
KW - gender gap
KW - individual pension system
KW - minimum pension guarantee
KW - Turkey
UR - http://www.scopus.com/inward/record.url?scp=84904436949&partnerID=8YFLogxK
U2 - 10.1080/1554477X.2014.921542
DO - 10.1080/1554477X.2014.921542
M3 - Article
AN - SCOPUS:84904436949
SN - 1554-477X
VL - 35
SP - 242
EP - 270
JO - Journal of Women, Politics and Policy
JF - Journal of Women, Politics and Policy
IS - 3
ER -