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
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
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.