Sub-target 2: Financial gender equality
The Government’s second gender equality policy sub-target is ‘Financial gender equality’. Women and men must have the same opportunities and conditions with regard to paid work, which gives financial independence throughout life.
The focus of the sub-target on financial gender equality is on the financial conditions of women and men as individuals. The sub-target takes aim at the distribution of financial resources between women and men and includes income in the form of wages and from business activities, as well as return on capital. Compensation and grants from transfer systems as well as effects of taxes and fees are also included.
Equal distribution of paid and unpaid work
The term 'financial independence' means that women and men have the same opportunities and conditions to support themselves and any children they may have. A starting point is that women and men are seen as individually responsible for supporting themselves. The tying of taxes and social insurance to the individual promotes an equal distribution of both paid and unpaid work.
The sub-target involves women and men having the same opportunities and conditions with regard to access to work and with regard to employment, wages and other working conditions, as well as development opportunities at work. The sub-target also includes entrepreneurship – that women should have the same opportunities as men to start and run companies that can grow and generate an income. Paid work must not only provide financial security during working age, but also bring financial security and independence during retirement.