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The Individual Pension System In Turkey: A Gendered Perspective

Rittersberger Tılıç, Helga İda
Şahin, Şule
Elveren, Adem Yavuz
The changing role of women both within family and in the labour market is one of the most crucial issues of constructing a new social policy in our century. In line with neo-liberal developments, private pension schemes have reached higher proportions in social security systems all over the world. However, it is a fact that disadvantages of women (i.e. lower level of wage, intermittent work life, and higher life expectancy) have negative consequences on private pension schemes in terms of retirement income compared with traditional pay-as-you-go systems. Turkey, in line with the current trend, introduced a privately managed individual pension scheme, the Individual Pension System in 2003. This study (conducted in 2008 - 2009), using the actual data of 102,724 participants (sampled from a total of 1,457,704) provided by the Pension Monitoring Center, examines the effects of social variables (i.e. age, occupation, province, marital status, income, social security and education) on regular contributions of individuals to the system and analyzes the gender gap by using the generalized linear model.