Working part time for a few years when one’s children are small does not have a big effect on one’s future pension in Denmark and Norway, yet makes a significant difference in Iceland, Finland and Sweden. This is concluded in the first study on part-time work from Nordic Information on Gender (NIKK), which explores the economic consequences of such employment. The study, which was presented at a conference in Stockholm in 2013, is described in a report and a factsheet.
The researchers behind the report used a type study to investigate how part-time employment affects future pensions. The results show that the difference in future pension between full-time and part-time work is small in Denmark and Norway. The reason for this is that the estimated type cases work full time for most of their working life, which has a greater effect on future pensions than the ten years of part-time employment in these countries. In addition, the two national pension systems include compensations for time spent at home with children. Parts of the Danish pension system also offer compensation for lower incomes.
In Finland, Iceland and Sweden, female part-time workers can expect 4–6 per cent lower pensions than their full time counterparts. These countries display a stronger correlation between a person’s pension and number of hours worked in life.
Read the report and presentations from the conference via the link in the blue menu (to the right on computer, below this content on mobile phone).
Parallel seminars allowed for specialisation in select aspects of the part-time issue. The conference concluded with a panel discussion with politicians from the Nordic region.
Read the report by following the link in the blue menu (to the right on your desktop, below this content on your mobile).