SwedenLivingWorldBusiness

So much do women lose by taking parental leave

Women still take more parental leave and work part-time more often than men. And their absence from work costs them thousands of dollars a month. This is shown by a new report from Swedbank. For a median salary, it means 3,300 kronor per month less in pay, says Madelén Falkenhäll, sustainability economist at Swedbank.

Published: 09 June 2024 14:12 -> Updated: 09 June 2024 14:16
So much do women lose by taking parental leave
Photo: Fredrik Sandberg/TT

Women still take more parental leave and work part-time more often than men. And their absence from work costs them thousands of dollars a month. This shows a new report from Swedbank.

According to the report, women's actual working hours are 87 percent of men's. And only absence from work costs women thousands of dollars a month.

A woman who saves 10 percent of her salary after tax in 25 years – has a pension capital of nearly 200,000 kronor less than men, according to the report. Simply because she works less.

And the main reasons why women work less – are that they take greater responsibility for the children and work more part-time, according to Madelén Falkenhäll.

According to figures from the Swedish Social Insurance Agency, women take out 69 percent of parental leave days and 61 percent of parental care days.

And in Swedbank's own survey, 57 percent of women between 18 and 75 years old said they worked or had worked part-time, while the corresponding figure for men was 44 percent.

In the survey, half of the women also said they took greater responsibility for the children, and only 12 percent of men.

The report also shows that it will take almost 30 years before incomes are equalized.

A possible explanation for why it goes slowly is that fathers in greater extent took out more parental leave, until 2018.

People
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Statistics Sweden receives new assignment as investigation is rejected
1 MIN READ

Statistics Sweden receives new assignment as investigation is rejected

Increased probability of interest rate cut in August
2 MIN READ

Increased probability of interest rate cut in August

Foxconn makes a major investment in Vietnam
1 MIN READ

Foxconn makes a major investment in Vietnam

Real Estate CEO Believes in Much Lower Interest Rates
1 MIN READ

Real Estate CEO Believes in Much Lower Interest Rates

So high are the tariffs against Chinese electric cars
2 MIN READ

So high are the tariffs against Chinese electric cars

Sweden tops the list for Brits wanting to leave the country
1 MIN READ

Sweden tops the list for Brits wanting to leave the country

Housing deals are taking longer and longer
2 MIN READ

Housing deals are taking longer and longer

Lowered price on diesel and biodiesel
1 MIN READ

Lowered price on diesel and biodiesel

Gardell's billion investment boosts the share
2 MIN READ

Gardell's billion investment boosts the share

SBAB lowers fixed mortgage interest rates
1 MIN READ

SBAB lowers fixed mortgage interest rates

Norwegian lowers profit forecast - stock market plummets
1 MIN READ

Norwegian lowers profit forecast - stock market plummets

German factory orders fall unexpectedly
1 MIN READ

German factory orders fall unexpectedly

Workshop company drops on positive stock market
2 MIN READ

Workshop company drops on positive stock market

Record number of students have their study allowance withdrawn
3 MIN READ

Record number of students have their study allowance withdrawn

After the Nightmare Summer - New Hope for Farmers
2 MIN READ

After the Nightmare Summer - New Hope for Farmers

Most cheerful on Asia's stock exchanges
1 MIN READ

Most cheerful on Asia's stock exchanges

Ericsson writes down value of Vonage
1 MIN READ

Ericsson writes down value of Vonage

New record on Wall Street
1 MIN READ

New record on Wall Street

Rejection of Oscar Properties' Reconstruction Application
1 MIN READ

Rejection of Oscar Properties' Reconstruction Application

Polish interest rate remains at 5.75 percent
1 MIN READ

Polish interest rate remains at 5.75 percent