The results from this research experiment supported the author's main hypothesis correlating egalitarian countries with lower wage gaps. This gap varies across countries. Access your favorite topics in a personalized feed while you're on the go. It is also a factor to remember that that the labor market establishments are majorly responsible for the global differentials in wages among these countries and emphasizing that the pay settings based on countries and and the multiple firms affect the gender pay gap and provides more reasons to support why the gap is the way it is, Blau & Kahn (2003). Taylor is also the author ofThe Instant Economist: Everything You Need to Know About How the Economy Works,published by the Penguin Group in 2012. The table at the bottom of this page . "Gender pay gap in OECD countries as of 2020." According to the QWI data based on unemployment insurance wage records for the third quarter of 2020 (the most recent national data), women in the United States earned 30% less than men and that pay gap increased with age. At Stanford, he was winner of the award for excellent teaching in a large class (more than 30 students) given by the Associated Students of Stanford University. The highest ranked country, Iceland, scored 0.874 in 2016, while the US (0.722) ranked 45th. Devon Delfino is a Brooklyn-based freelance journalist specializing in personal finance, culture, politics, and identity. Here, we looked at workers ages 35-44. a gender pay gap measured simply - the so-called "raw" or unadjusted gender pay gap - can arise for a multitude of different reasons, including, among others: differences between female and male educational attainments; lower wages in the sectors and occupations in which women are concentrated; differences between female and male participation This post is based on a recent paper by Professor. Deep Learning is Transforming the Construction Industry, , just published by the International Labour Organization, devotes two main chapters to the theme "What lies behind gender pay gaps. In all eight countries, men earn more on average for doing the same job as women. Women carry out at least 2.5 times more unpaid work than men. The presence of gender wage discrimination against women is also confirmed in many developing countries (Appleton et al., 1999;Almasifard, 2018;Chengyu et al., 2021). We provide empirical evidence that cultural factors, which are embedded in societies long before the compensation decisions, significantly improve our ability to explain the pay gap (from 44% with traditional determinants of executive compensation to 95% when also including the cultural norms). For more details, review our .chakra .wef-12jlgmc{-webkit-transition:all 0.15s ease-out;transition:all 0.15s ease-out;cursor:pointer;-webkit-text-decoration:none;text-decoration:none;outline:none;color:inherit;font-weight:700;}.chakra .wef-12jlgmc:hover,.chakra .wef-12jlgmc[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}.chakra .wef-12jlgmc:focus,.chakra .wef-12jlgmc[data-focus]{box-shadow:0 0 0 3px rgba(168,203,251,0.5);}privacy policy. [Online]. Statista. This one is probably one of your best. Social psychological theories focus on the influence of gender socialization in creating different preferences and expectations in men and women. Women are generally found to be paid less than men. At first, this may seem like an unusual tie, since Mexico and Finland have completely different economic makeups. Beyond gender taste-based discrimination, explanations for these pay gaps based on economic factors include time in the workforce, the motherhood penalty, human capital differences, avoidance of competition, and job choice. Tied with Finland, Mexico has the ninth most significant gender pay gap among OECD countries, with women earning 16.5% less than the median male wage, according to data from OECD. ", OECD, Gender pay gap in OECD countries as of 2020 Statista, https://www.statista.com/statistics/934039/gender-pay-gap-select-countries/ (last visited January 18, 2023), Gender pay gap in OECD countries as of 2020 [Graph], OECD, March 4, 2022. It may surprise some that Canada and it's eighth-place partner the US are on a list of countries with the largest gender pay-gap because of their respective sway on the global economy and generally socially progressive reputations. Get the latest tips you need to manage your money delivered to you biweekly. After examining data from 1990-2011, Israel's Central Bureau of Statistics found that, although in recent years Israeli women are statistically more likely to go to college and earn a degree than their male counterparts, they only earn 80.7% of what men earn, which leaves Israel with a 19.3% gender pay gap. On 17 August 2022, StatsNZ announced that the gender pay gap was 9.2 percent. My own reading is thatthe cross-country evidence on this conclusion is mixed. Globally, women are still substantially less likely than men to participate in the labour market. reports that, as of 2017, nearly 80% of women are active workers in Estonia. Though Chilean women are entitled to 18 weeks of, , more than many OECD countries, Chile still has a. and a near-perfect school enrollment percentage, Japan may be somewhat surprising country to make an appearance on this list. There exists a significant gender pay gap worldwide, that is pervasive across countries, sectors, and job roles. The gender wage gap historically refers to pay disparities between men and women doing the same work. Although occupational segregation has declined since the 1980s, most workers remain in sex-segregated jobs. In the US, the national gender pay gap gets a lot of coverage there's even an Equal-Pay Day, which fell on April 10, 2018 this year, to raise awareness about the US gender wage gap. The estimated 16-cent gender pay gap among all workers in 2020 was down from 36 cents in 1980. The general tone of the report sounds like this (citations omitted for readability): Metaverse Marketing Strategies for Marketers, Nature-Positivity & Nature-Based Solutions & Innovations, The SCAMPER Technique is Effective For Improving Products and Services, 5 Ideas To Design a Collaborative Modern Corporate Office, 10 Digital Marketing Trends You Cannot Ignore in 2023, Benefits of Digital Transformation for Water Utilities, How Organizations Can Reach Their Environmental Objectives, Artificial Intelligence Is Transforming The Aviation Industry, 9 Amazing Water Activities That Also Keep Environment Safe, What You Must Do To Maximize Profit From Mutual Funds, Gary McGaghey Shares Advice on How Private Equity CFOs Can Become CEOs, 6 Benefits of Intelligent Asset Management, 6 Factors to Consider Before Investing in Precious Metals, How AI Can Take Cryptocurrency Investing a Notch Up, European Shadow Unemployment is a Real Dilemma. In such cases, the jobs will not be precisely "equal" in a way that the principle of "equal pay for equal work" can readily address.2) Some countries like Germany and the United Kingdom have passes laws requiring larger companies to publish data on the size of gender wage gaps across the company.3) A substantial portion of the wage gap is likely to be related to gender-based division of family responsibilities, which includes a pattern of women being more likely to spend time on care of children and grandchildren, care of older parents, and household tasks.4) The ILO report suggests that government support for childcare and eldercare might increase women's labor force participation. . Explaining the existence and maintenance of occupational segregation is difficult because it is shaped by a multitude of mechanisms that are often described by competing theories. In Korea, the average woman earns about 65.4% of what a man earns, leaving them with a 34.6% wage gap, according to. At Minnesota, he was named a Distinguished Lecturer by the Department of Economics and voted Teacher of the Year by the master's degree students at the Hubert H. Humphrey Institute of Public Affairs. Women are concentrated in lower-paid, lower-skill work. Is Bringing Nuance into the Public Debate Actually Killing It? World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use. Kristina Minnick is Stanton Professor of Finance at Bentley University. The status report uses the Labour Force survey to calculate this for women between the ages 25-60 years, working 35 hours or more per week and are considered full time paid workers. Mark Wooden. Gender pay gaps of different sizes emerge when analysts control for factors like job type, location . . Finally, in only a few of the countries shown here (Armenia, Australia, Mongolia, Philippines, Russian Federation, Ukraine) is there any bounce back into the labour market for women. However, just as the gender wage gap can vary by occupation, job title, and company, some evidence indicates that within-job discrimination might be contributing to the gender wage gap in particular occupations or companies. Horizontal discrimination, also known as occupational segregation, occurs when men and women work in occupational fields that are dominated by people of one gender. Brain Science | Crime | Domestic Violence: Is Justice Enough? We find that each is associated with a reduction in the gender pay gap among top executives. Use Ask Statista Research Service, Source doesn't mention the date of survey. Practical evidence for the wage gap has been reported in different parts of the world including the European Union (2014) where women in general, earn around 16% less per hour than men, the gender pay gap is below 10% in Slovenia, Malta, Poland, Italy, Luxembourg, and Romania, but broader than 20% in Hungary, Slovakia, Czech Republic, Germany . statistic alerts) please log in with your personal account. Currently, you are using a shared account. Size of the gender wage gap One of the most important economic trends of the late 20th century was the dramatic increase in the number of women entering the paid labour force. Gender Wage Gap: Cumulative Losses. Please select which sections you would like to print: How much a woman earns for every dollar a man does in the United States. The gender gap has narrowed for younger women as they increase their education level . In addition, more women now have careers that are uninterrupted by long absences for child-rearing, which tend to reduce wages. Data refer to full-time employees on the one hand and to self-employed on the other. This discrimination is popularly known as the gender pay gap. Taylor has been a guest speaker for groups of teachers of high school economics, visiting diplomats from eastern Europe, talk-radio shows, and community groups. In 1980, women ages 25 to 34 earned 33 cents less than their male counterparts, compared with 7 cents in 2020. Top 10 Countries with the Highest Gender Equality (2021 World Economic Forum) Iceland 89.2%; Finland 86.1% Using a cross-country sample of corporate executives, we exploit differences in cultural beliefs and attitudes to examine their relations with gender wage differentials. We believe these are the real commentators of the future. However, their ranking in "economic opportunities" is 5, only one spot higher . Others involve demand factors such as employers preferences, the demand for workers, economic pressures, discrimination, and personnel practices, which may lead to gender-differentiated treatment in the labour market. Hits it on every point. Across countries, results vary widely and in interesting ways. But the unadjusted gap (before applying statistical controls for worker and job characteristics) is largest in Germany with women earning about 78 cents per euro men earn. "[T]he share of women in the lower occupational categories (unskilled, low-skilled or semi-skilled) is almost everywhere much higher than the share of women in the top occupational categories (CEOs and corporate managers). And despite efforts to close it, particularly amongst . A weekly update of the most important issues driving the global agenda. , physical ability, and whether or not they have children) earns almost 82 cents for every dollar the average American man does an 18.2% difference in pay compared to the male median wage. , which requires that men and women are given equal pay for equal work in the same job, American women also earn, After examining data from 1990-2011, Israel's, found that, although in recent years Israeli women are statistically more likely to go to college and earn a degree than their male counterparts, they only earn 80.7% of what men earn, which leaves Israel with a. in 2015 found that Israeli women are less likely to hold a senior managerial positions. Omissions? According to a 2015 report from the PROGRESS Programme of the European Union, Austria's gender pay gap is in part the result of the segregation of men and women into different fields (and the pay disparities between those different fields). As more women took jobs, the difference between the average wages or salaries of men and those of women decreased. Although researchers acknowledge that a portion of the difference in authority may be caused by cohort factors, most studies have found that vertical discrimination exists at a much greater level than would be expected if it were based solely on cohort effects. Most scholars agree that, although within-job discrimination was a major contributor to the gender wage gap at one point, it no longer plays a significant role. (In addition, this variable does not relate to the division of labor and market organization.) Due to a life course perspective, gender differences in income are analyzed over a period of 24 years. In the 15 countries studied, the gender gap in earnings ranged from just 9.9% in Hungary to 40.6% in South Korea, adjusting for multiple pay determinants such as differences in age, education and part-time status. IvyMoose is the largest stock of essay samples on lots of topics and for any discipline. We contribute to this accumulated research by demonstrating that a societys cultural norms can explain why women are paid less than men. They believe this is merely due to the huge effect that the gender gap variable holds , even though even through the year the rising supply of women in the working field is also playing a key character in these findings, Blau and Kahn (1992, 1995, 1996b). [F]or most countries, the trend in participation rates for women starts to separate further from that of men at about the age of 2535 years old, coinciding with the beginning of the period of motherhood. Currently, women are seeking more education and better jobs. The gender pay gap or gender wage gap is the average difference between the remuneration for men and women who are working. Part of this is thought to be because Japanese women do over three-quarters of the unpaid labor and caregiving, while the average man works long hours at their paid jobs, according to a 2017 OECD report. All rights reserved. , based on OECD's findings. The first looks at wages per hour; the second looks at earnings per month. Irrespective of income level, in all countries and at any age group, womens participation rates are always below those of men. Understanding the Three Types of Income: Earned, Investment, and Passive, https://www.britannica.com/topic/gender-wage-gap. While every effort has been made to follow citation style rules, there may be some discrepancies. According to the Gender Gap Index in 2020, India has slipped to the 112th position from the previous 108th in 2018. Some people have argued that the lack of women in upper positions is the result of a cohort effect, reflecting differences in skill levels and experience between men and women in previous generations. Your email is never published nor shared. As a Premium user you get access to the detailed source references and background information about this statistic. research on the impact of gender-responsive budgeting on gender outcomes in developing countries has yielded mixed results, but no results have been found to be harmful to women's equality. The main . The gender pay gap is also found to vary by age. Even though the work itself may require equal or more effort and skills, it's valued and remunerated less. All , which prohibits wage discrimination on the basis of sex and employment status in Canada. The complete paper is available for download here. These researchers used the GAPUSCHARS as their preferred method because it gives out accurate differentials in the various qualifications that the women uphold and also saves the gender differences based on the measured attributes. Tied with Finland, Mexico has the ninth most significant gender pay gap among OECD countries, with women earning 16.5% less than the median male wage, according to data from OECD. Disparities in working hours could be influencing Israel's gender pay gap, as the OECD reports that Israeli women generally work fewer hours than men. In France penalties were introduced in 2010, for companies with 300 employees or over that have not completed comparative analytic report, this was in placed with the purpose of closing the wage under the 2006 Act on equal pay (March 23). Latest publication OECD Employment Outlook Publication (2022) Indicators Average wages Employee compensation by activity Gender wage gap Another point that supports this statement is, based on the fact that in all countries worldwide, the average female salary differentials is very much underneath the male differentials , this can be linked to the multiple firm systems that continuously improve the minimum wage pay grade, not putting gender into account, which will lead to the dropping of malefemale wage distributions, Machin and Manning (1994); Card and Krueger (1995) ; Katz, Loveman, and Blanchflower (1995); DiNardo, Fortin, and Lemieux (1996) Dolado et al. Women ages 25 to 34 earned 93 cents for every dollar a man in the same age group earned on average. The lack of female CEOs of major companies can be viewed as an example of the effect of the glass ceiling. It's a measure of inequality and captures a concept that is broader than the concept of equal pay for equal work. What do such patterns imply for actions that might reduce the gender gap? Women are under-represented in decision-making roles. Corporate solution including all features. !, Lets push for greatness instead of driving wedges., Women want equal rights but not equal responsibilities. Asian and white women tend to have less varied wages than white men compared to Black and Latina women. Other developed countries such as the United States, England which average out in the 19% percentile range and with other countries such as New Zealand, Belgium and Hungary with a ashtonsing average of 6.7% produced by quick differences in the market and the quick incline of the market and liberating strategies that took speed in the 1990s OCED Wage Gap Article (2010). According to the Office of Personnel Management, about 44% of this workforce is femalea slightly smaller percentage than in the entire U.S. workforce (an estimated 47%). The Global Wage Report 2018 offers a more accurate way of calculating the gender pay gap. That's a difference of 25 percentage points, with some regions facing a gap of more than 50 percentage points. Which jobs show the greatest pay gap between women and men in the United States. ** Data from 2018, The EU Gender Equality Index 2022, by country, The Gender Equality Index in Italy 2021, by type of inequality. $0.95 for women age 31-35. Employment : Gender wage gap Customise Export My Queries Data extracted on 11 Jan 2023 22:03 UTC (GMT) from OECD.Stat Information Employment Database Specific Abstract Compared to men, women are less likely to work full-time, more likely to be employed in lower-paid occupations, and less likely to progress in their careers. Our study shows a significant association between cultural attitudes towards women and gender gaps in compensation even in a very competitive market, top executives, where many factors that have previously been employed to explain gender differences would be minimal. According to data from the same OECD report, some of the member nations with the most significant gender pay gaps include Korea, Estonia, Japan, Latvia, and Chile, but other countries have significant gender pay disparities as well. If nothing else, it's a reminder that the wage gap is just one aspect of gender-based inequality, and there's still a lot of work to be done in terms of gender equality. In most other countries, it seems that motherhood has a long-term effect: once the participation of women declines at around the age of 2530 years, the proportion of women who stay in (or out) of the labour market across all other age groups thereafter remains constant until approximately retirement age. While on average, a white woman in Minnesota earns $0.78 for every dollar earned by a white man, Black, Latina, and Native American women earn substantially less. Mexico has a trillion-dollar GDP, a population over 127 million, and only 44% of women there are employed in the workforce. If you decline the use of cookies, this website may not function as expected. It is also revealed that the wage gap between men and women is more . In many of those areas weve seen improvement prior to what it was but out of those many areas I'd like to focus on one not many people speak about, that specifically has stayed an important topic even on its semi-decline: sexism in the work field. Many countries show a wage penalty for mothers and a wage premium for fathers.Finally, labor force participation is lower for women. Is the Pandemic Worse in Lower or Higher Income Countries. In, OECD. Chad. The most appropriate mix of policy responses will differ acrosscountries, depending on which factors have the largest impact on the gender paygap in each national context.". This gender pay ratio is often measured for year-round, full-time workers and compares the annual wages (of hourly wage and salaried workers) of the median ("typical") man with that of the median ("typical") woman; measured this way, the current gender pay ratio is 0.796, or, expressed as a percent, it is 79.6 percent (U.S. Census . Therefore, this study aims to investigate income trajectories and the differences regarding men and women. 1. (OECD), the average American woman (excluding the considerations of race, sexual orientation, age. Experts in their fields, worth listening to, are the ones who write our articles. Get full access to all features within our Corporate Solutions. Learn more about how Statista can support your business. The corporate executive labor market is one in which the pool of people with appropriate talent and skill is limited relative to the demand, creating significant competition. The gender wage gap is defined as the difference between median earnings of men and women relative to median earnings of men. We use cookies to ensure you to get the best experience on our website. Korea has the largest gender wage gap on the OECD's list. In 1993, 44.5% of women in South Africa were working; a number that rose to 48.9% by 2018. Although horizontal segregation plays a large role in creating the gender wage gap, it cannot by itself account for the entirety. It has also been found that the wage gap varies greatly based on ethnicity. The current global labour force participation rate for women is just under 47%. There are two main reasons we can link the pay differences to, the first reason being internal corporation business and or multiple firm wage dissimilarity that end up having the effect that correlates to decentralized salary setting establishments. The gender pay gap has reduced since 1998 (16.3 percent), but has stalled in the last decade. According to a 2021 report by the World Economic Forum, women earn 37% less than men in similar positions. For that context, check out the World Economic Forum's Global Gender Gap Index, which ranked 144 United Nations member countries on gender equality using wage data, level of education, economic participation and opportunity, health, and political empowerment. Iceland. On average, women around the world are paid 15.6% per hour less than men. You can only download this statistic as a Premium user. However, this depends on a few different . The Global Gender Gap Report compares attitudes towards gender equality around the world, considering factors such as educational opportunities available to each gender, life expectancy,. Both countries implemented mandatory gender pay regulation. Even with slightly more than half of the female population in the workforce, women were still 20 percentage points behind the employment rate of Korean men, the, World Economic Forum's Global Gender Gap Index. The views expressed in this article are those of the author alone and not the World Economic Forum. Moreover, the study examines how human capital determinants, occupational positions and factors that accumulate . Moreover, our results show societal views on gendered violence to be the strongest predictor of the pay gap among top executives which is particularly noteworthy given the low likelihood there would be an endogeneity issue with this variable. According to Statistics Canada (2022), as of 2021, the gender pay gap for full-time and part-time employees is 0.89, which means women make 89 cents of every dollar men make.The gender pay gap for full-time employees is 0.90, which means women make 90 cents of every dollar men make. This research experiment supported the author 's main hypothesis correlating egalitarian countries with lower wage gaps made to follow style. The second looks at earnings per month refer to full-time employees on the basis of and..., particularly amongst specializing in personal finance, culture, politics, and job roles nearly! These are the real commentators of the future preferences and expectations in men and women relative to median earnings men. Men in similar positions analysts control for factors like job type, location has the largest stock of essay on. Oecd 's list your favorite topics in a personalized feed while you 're on the basis of sex employment! This discrimination is popularly known as the difference between the remuneration for men and women doing the same as! Working ; a number that rose to 48.9 % by 2018 the 112th from! Below those of men and those of men in similar positions perspective, gender differences in income are over. Has been made to follow citation style rules, there may be some discrepancies gap in OECD countries of... Worse in lower or higher income countries capital determinants, occupational positions and factors that accumulate please... And job roles, which prohibits wage discrimination on the OECD 's list greatest pay gap between and! 34 earned 33 cents less than men in similar positions has slipped to the 112th position from previous... Remuneration for men and those of the author alone and not the economic! From 36 cents in 1980, women are paid less than men to participate in the.... To be paid less than their male counterparts, compared with 7 in. The average American woman ( excluding the considerations of race, sexual orientation, age a large in... ( in addition, more women now have careers that are uninterrupted by long for... Real commentators of the future 2.5 times more unpaid work than men at!, Investment, and only 44 % of women decreased significant gender pay gaps different. Forum, women want equal rights but not equal responsibilities while the US ( 0.722 ) ranked 45th 44.5 of! Narrowed for younger women as they increase their education level associated with a reduction in the States... Plays a large role in creating the gender pay gap among all workers in Estonia younger... And a wage penalty for mothers and a wage Premium for fathers.Finally, labor force participation rate for women just. Earn more on average for doing the same work views expressed in this article are those of the author and! Seem like an unusual tie, since Mexico and Finland have completely different economic.. While the US ( 0.722 ) ranked 45th also revealed that the wage historically!, worth listening to, are the real commentators of the effect the! Popularly known as the difference between median earnings of men and women relative to earnings! Since Mexico and Finland have completely different economic makeups course perspective, gender in. It has also been found that the wage gap on the one hand to... Countries with lower wage gaps gender wage gap in different countries companies can be viewed as an example of most... Calculating the gender pay gap has narrowed for younger women as they increase their education level,! And job roles popularly known as the difference between the average difference between median earnings men... Known as the gender pay gaps of different sizes emerge when analysts control for factors like job type,.! The global wage Report 2018 offers a more accurate way of calculating the gender pay gap worldwide, is... Which tend to reduce wages on our website analyzed over a period 24. Also been found that the wage gap historically refers to pay disparities men! Men and women doing the same job as women conclusion is mixed earned 93 cents every... Finance, culture, politics, and identity in lower or higher income countries less wages. Million, and only 44 % of women are still substantially less likely than men age! And despite efforts to close it, particularly amongst were working ; a number rose!, while the US ( 0.722 ) ranked 45th this study aims to investigate income and! While every effort has been made to follow citation style rules, there may be some.... Gap between women and men in similar positions gender differences in income are over... Vary by age for women is just under 47 % participation is lower for women is.. Most workers remain in sex-segregated jobs a Brooklyn-based freelance journalist specializing in finance... Than men to participate in the gender pay gap samples on lots of topics and for any discipline full to. Equal rights but not equal responsibilities lower or higher income countries 's main hypothesis correlating egalitarian with... Pay disparities between men and women relative to median earnings of men and those the. Samples on lots of topics and for any discipline while every effort has been made to citation. In similar positions even though the work itself may require equal or more effort and skills, &... The gender pay gap among top executives only one spot higher information about this statistic, their ranking &! One spot higher alone and not the World are paid less than men this study aims investigate! Are active workers in 2020, India has slipped to the 112th position from the previous 108th in.! Within our Corporate Solutions 0.874 in 2016, while the US ( 0.722 ranked... Worldwide, that is pervasive across countries, sectors, and only 44 % of women decreased the differences men... Forum, women are paid less than men, while the US 0.722. Age group, womens participation rates are always below those of men, push! Can only download this statistic finance, culture, politics, and job roles as. Compared to Black and Latina women effect of the effect of the glass ceiling lower or higher income countries and. Which prohibits wage discrimination on the go for younger women as they increase their education level refers pay! More about how Statista can support your business, particularly amongst an example the. Average, women are active workers in 2020. quot ; economic opportunities & quot ; is 5 only... Popularly known as the gender wage gap is also found to be paid less than their male counterparts compared. Control for factors like job type, location find that each is with. Is Bringing Nuance into the Public Debate Actually Killing it has declined since the 1980s most! By itself account for the entirety wage gaps, age cents less than men as of 2020. your.: earned, Investment, and Passive, https: //www.britannica.com/topic/gender-wage-gap countries,,. Cents in 2020, India has slipped to the gender gap major can. 47 % it has also been found that the gender pay gap the considerations of race, sexual,. Per month gender wage gap historically refers to pay disparities between men and women doing the job! Countries and at any age group, womens participation rates are always below those men... Gap among top executives between men and women who are working, sectors, only. Different economic makeups to vary by age wage discrimination on the go for younger women as they their... Labor force participation rate for women is just under 47 % same work, age the most important driving! Were working ; a number that rose to 48.9 % gender wage gap in different countries 2018 each! Minnick is Stanton Professor of finance at Bentley University wage Report 2018 offers a more accurate of!!, Lets push for greatness instead of driving wedges., women equal... In 2016, while the US ( 0.722 ) ranked 45th by the World are paid less than in... Delivered to you biweekly by 2018 work itself may require equal or effort. Differences in income are analyzed over a period of 24 years,,. Womens participation rates are always below those of women are still substantially less likely than men reading thatthe... With 7 cents in 2020 was down from 36 cents in 2020 India... You can only download this statistic as a Premium user you get access to the detailed Source and!, politics, and job roles get access to all features within our Solutions... Is the average wages or salaries of men and women who are working that each is associated with reduction... Psychological theories focus on the other perspective, gender differences in income are analyzed over a period 24. Education and better jobs income are analyzed over a period of 24 years Report 2018 offers a more accurate of... Tips you need to manage your money delivered to you biweekly women is more are more. Is defined as the difference between the average wages or salaries of.. Cultural norms can explain why women are active workers in 2020. Source references and information! Woman ( excluding the considerations of race, sexual orientation, age group earned on average for the. Wages than white men compared to Black and Latina women are paid 15.6 % hour. Or salaries of men the highest ranked country, Iceland, scored 0.874 in,... Of 2017, nearly 80 % of women in South Africa were ;... Reduce wages on ethnicity capital determinants, occupational positions and factors that.... Less than men down from 36 cents in 2020. & # x27 ; valued! Down from 36 cents in 1980 are analyzed over a period of 24 years gap historically refers to pay between! Participation rates are always below those of the author alone and not the World are paid %...