The difference in retirement income between men and women averages 26% across OECD countries, clearly signaling gender inequality despite efforts by governments in recent decades to reduce the gender gap in pension systems. The growing role of retirement savings arrangements within pension systems calls for a deeper analysis of their contribution to this gender pension gap.
Richard Hughes, Director of Fiscal Policy at HM Treasury, talks about the UK's ground-breaking report on fiscal risks.
Structural economic reforms, such as labour market and pension reforms, are often difficult to introduce because of voter discontent. Elsa Fornero and Anna Lo Prete have investigated whether painful reforms take more or less of a toll on the politicians who introduce them in countries where financial literacy is higher.