Gender Gap In Pay

1574 WordsJun 21, 20187 Pages
Introduction Gender Pay Gap also referred to as Gender wage gap, gender income difference or male-female income difference refers to the difference between the earning of men and women (Victoria, 2006). The European Union defines the Gender Pay gap as the difference between men and women’s hourly earnings (OECD, 2012). The difference may be measured on hourly, weekly, monthly, or yearly earning. The difference is expressed as a percentage of the men’s earning. However, the difference varies from one industry to another, from one country to another and from one age group to another. On average, men earn higher than women do across different sectors and nations. Gender Gap Pay per country i. United States of America The United States has…show more content…
This can be attributed by disruptions that women have later in life especially relating to family life as well as older women who cannot access benefits that did not exist when they started working. For instance, in the 25 and below age group segment, the gender pay gap was relatively lower than the other age groups. However, Cyprus, Portugal, and the United Kingdom show a different trend to that pattern, where employees between 25-34 Years registered a lower gender pay gap than the 25 years and lower group. Cyprus with -0.5% recorded the lowest gap for the 25-34 year age group but had the highest for the 45-54 age bracket at 28.5% and 27.1% for the 55-64 years and 28.7% for the 64 years and above. Czech Republic had 28.5%, which was the second highest gender pay gap in the area. Bulgaria at -14.6% and Slovenia at -11.1% had the lowest pay gaps in European Union in the category by age (OECD, 2012) By economic sector, in the financial and insurance activities, the gender pay gap was higher than all other business sectors. For instance, in Estonia and Czech Republic, the gender pay gap stood at 44.9% and 44.8% respectively, which represented the highest gap in the European Union. The lowest gap was in Slovenia at 20.6%, which was still higher that then the overall EU average. In the Business economy, the highest gender pay gap was in Estonia at 28.9% and lowest in

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