The economic consultancy was charged with looking at the key drivers behind the 20 per cent gap between men and women's average KiwiSaver balances by state-owned KiwiSaver provider Kiwi Wealth.
It found labour force participation, the pay equity gap, career gaps and changes because of motherhood and low confidence and knowledge of the retirement savings scheme were behind the gap.
Christina Leung, principal economist at NZIER, said it wanted to quantify the effect of each driver and come up with policy solutions that could help ease the shortfalls.
"We know there is a gap but the extent of it was quite important for us to put a value on each of those drivers so that we are aware... and know which of the policy interventions would get the most bang for your buck."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.