The Gender Pension Gap in Germany
13 Pages Posted: 26 Sep 2019 Last revised: 26 May 2020
Date Written: September 17, 2019
The gender pension gap in Germany amounts on average to 26 %. It starts to form at the age of 35 years. When entering retirement, women need an extra amount of roughly 25,000 Euro in nominal terms if they aim at closing this gap. A 40 year old woman would have to save an extra 2.3% of her annual income to close it, if the interest rate is 5%, if the inflation rate is 1.5%, and if she lives for another 15 years after retirement.
Keywords: Gender pension gap, gender equality, retirement savings
JEL Classification: J16, J32
Suggested Citation: Suggested Citation