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Inequality

Gender wage gaps

Posted by e-axes on November 29, 2018

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The gender wage gap across countries in 2018

 



Gender Wage Gaps Around the World
By: Timothy Taylor – Journal of Economic Perspectives

Career vs job: what drives the gender wage gap?

Bayer and Kuhn in this paper analyze wage data from the German Survey of Earnings Structure (2006, 2010,2014) and the US National Compensation Survey and find that the rising gender wage gap by age parallels a rising hierarchy gap. At the beginning of their careers, women have roughly 7% lower hourly wages than men (across all firms and jobs); at the end of their careers that difference is more than 30%. Half of this widening gap is explained by the fact that women’s career progression drastically slows down around the age of 30, while men continue to climb the career ladder until age 50.
Which Ladder to Climb? Wages of Workers by Job, Plant, and Education
Authors: Christian Bayer, Moritz Kuhn
From: University of Bonn

Macro benefits of gender wage equality

A range of (macro- and microeconomic) data suggest that women and men complement each other in the production process. The implication is that there is a value to diversity: adding more women to the labor force should induce larger gains than an equal increase in male workers. These higher gains are preserved even when considering that home production would decline when women work in the market economy. This paper’s results also imply that standard models, which ignore gender composition, understate the favorable impact of gender inclusion on growth and misattribute to technology a part of growth that is caused by women’s participation.

Economic Gains from Gender Inclusion: New Mechanisms, New Evidence
Authors: J. D. Ostry, J. Alvarez, R. Espinoza, and C. Papageorgiou
From: IMF

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