For the 14th year, Iceland is the most gender-equal country by having closed 91.2% of its gap, according to the WEF. "It implies that there is something to be tackled in the workplace," Sabancisaid. with the biggest gender pay gaps, ranked least to worst: , which is better than the average pay gap in the European Union of about 19%. The gender pay gap is systemic: it reflects the widespread misogyny that occurs in patriarchal societies where men's contributions are valued more than women's even when fulfilling the same role coupled with a cultural norm that directs women and girls towards lower paying and lower valued occupations . University. Statista. The issue of a gender pay gap is persistent across countries and cultures all around the world, though some countries have been making strides in reducing the gap over the last 50 years. "It is not the classic explanation that 'the main source of the gender pay gap is that women become nurses, men become doctors'," Sabancisaid. 2021 Gender Pay Gap Widens as Women Age Women Consistently Earn Less Than Men January 27, 2022 Earlene K.P. A team of researchers from 15 different countries has completed a major new study on the gender pay gap. Though women tend to be paid less than men during normal jobs, women also are generally responsible for other care work that is all unpaid, such as taking care of the home and children. There may be a better way. Most stock quote data provided by BATS. What is the gender pay gap? Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023, Quarterly smartphone market share worldwide by vendor 2009-2023, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Icelands equal pay for equal work system is still in the early stages, but initial signs suggest that requiring organizations prove they compensate employees fairly may be very effective. The remaining eight are returners from the previous index. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Rich countries that have been able to reduce their countrys gender pay gap over the last couple of decades havebeen able to do so due to a reduction in the gender education gap. We find that the gender pay gap, even among top executives, is greater in societies with more acceptance of corruption, intolerance, in which religious beliefs are more dogmatic, and where there is greater acceptance of violence toward women. Full report. Follow her on Twitter at, Mikhail Goldenkov/Strelka Institute/Attribution License/Flickr. 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. All rights reserved. Banks remain reluctant to disclose gender pay gap data Earn badges to share on LinkedIn and your resume. Latest publication OECD Employment Outlook Publication (2022) Indicators Average wages Employee compensation by activity Gender wage gap Departing the bottom ten are Oman, whose GEI rose from 60.2% to 60.8%, and Lebanon, whose GEI rose from 59.9% to 63.8%, a very large increase for a single year. As soon as this statistic is updated, you will immediately be notified via e-mail. A low gender pay gap in a country may mean that fewer women are taking part in the workforce which allows for the gap to be smaller. Gender pay gap in the United States - Wikipedia It upends previous research that suggested the gap was caused by the types of . At the current rate that the gender pay is on, it will take decades for countries to solve the gender pay gap, while it is estimated that it will take 202 years for the global gender pay gap to reach equilibrium. All times are ET. There are many reasons that it still persists around the world and itis not always due to discrimination as many would think, but rather the type of job, education, and amount of experience as well as the ability to access healthcare. 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. When I recently conducted the first qualitative analysis of the system, I charted how key economic and political stakeholders in Iceland viewed the consequences of this novel equal pay legislation. In other words, men tend to end up in higher-paying professions and that's the main reason they earn more. Educational Attainment gaps are relatively small on average (95% closed globally), with 37 countries achieving true gender parity, and the gap in Health and Survival is also 96% closed. Gender pay gap in OECD countries as of 2021 [Graph]. All Rights Reserved.Terms But the issue of the gender pay gap extends beyond the borders of the US. Where the gender pay gap is the widest - CNNMoney - CNN Business Chart. The UK is another potentially unexpected entry, at least if you subscribe to the idea that a large GDP means a country is less likely to suffer from problems of gender-based inequality. There are a multitude of factors that may contribute to earnings . "But the problem with this apportioning is that it requires a huge amount of data to understand where the gender pay gap comes from.". In 2018, Iceland introduced the first policy in the world that requires companies and institutions with more than 25 employees to prove that they pay men and women. It could take 131 years to close the global gender gap after an "entire generation" of progress was lost to Covid-19, the World Economic Forum said Wednesday. Show publisher information It could take 131 years for the world to close the gender gap - CNN The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Sex-based pay discrimination has been banned for decades, and state lawmakers . under which this service is provided to you. Though the gender pay gap is not being solved for a long time, it is important to continue encouraging women around the world to pursue higher education, degrees, jobs, and managerial positions to create inspirational role models for future generations of women workers and leaders. The gender wage gap may not be closed until 2056, according to a new analysis. The gender pay gap measures inequality but not necessarily discrimination trends in the US gender wage gap and on their sources (in a descriptive sense). This is also the case in the Icelandic example. Gender Pay Gap: How Much Less Are Women Paid Than Men? - Bloomberg 12 countries where men earn significantly more than women Much more effective, in any case, than the alternatives currently in place elsewhere. A gender pay gap isn't just an American problem gender pay disparities extend to many other countries, and some are much worse than others. The positive increase in the average global score translates into several countries advancing towards gender parity (although often at a slow pace): 101 of the 149 countries covered both this year and last year have increased their scores. Accelerate your career with Harvard ManageMentor. However, one of the major findings of the new study contradicts this. Use Ask Statista Research Service. Here's how. Japanese women earn 24.5% less than men, based on OECD's findings. If you are an admin, please authenticate by logging in again. On the other hand, Yemen has the highest gender pay gap, followed by Pakistan, Iraq, and Syria. Global Gender Gap Report 2021 Download PDF Another generation of women will have to wait for gender parity, according to the World Economic Forum's Global Gender Gap Report 2021. Out of this 3.3 billion, 52.59% of the labor force participation was made up of women. Though Chilean women are entitled to 18 weeks of maternity leave, more than many OECD countries, Chile still has a 21.1% gender pay gap. More often than not, women are tasked with entering male-dominated professions; or female employees are expected to more effectively assert themselves in the workplace. 12/14/2022. You can unsubscribe at any time using the link in our emails. A paid subscription is required for full access. Here's a breakdown of the gender pay gap by state. We call this the factor weighted gender pay gap. The gender pay gap situation in the EU - European Commission The researchers had access to an unprecedented amount of data, includingcontractual details of workers and tax and social security data, as well asnational statistics databases. We call this the "factor weighted gender pay gap". If companies show they pay equally for the same positions, they receive certification. Explore the data behind the Global Wage Report 2018. extends beyond the borders of the US. It found an estimated $61 . Of the 15 countries . The World Economic Forum compiles and releases the Global Gender Gap Index every year. In the United States, 40.1% of higher management positions employed women, while in countries such as Mexico, India, and Pakistan, only 36.4%, 13%, and 4.2% respectively, of higher management positions are held by women. Beginning in 2020, certification became a requirement and companies without certification incur a daily fine. We contribute to this accumulated research by demonstrating that a societys cultural norms can explain why women are paid less than men. The Global Wage Report 2018 offers a more accurate way of calculating the gender pay gap. The 2021 report found that global gender parity actually decreased from 68.6% in 2019 to 68.0% in 2020, due in large part to the global ripple effect of the COVID-19 pandemic. Explainer: Everything you need to know about pushing for equal pay Create transparent pay systems When companies increase accountability and clarity in their performance award system, differences in pay are reduced. Key facts about the gender pay gap - Our World in Data Understandably, all of this positively impacted the organizational culture and shows that the process of wage formulation between a manager and an individual is never a technical matter instead, a social process predominates in determining salary. Gender Pay Gap Persists Globally, Even For Same Jobs Within - Forbes What does it tell us? How big is the gender pay gap in your country? In 1970, the UK had a 47.6% difference between the median earnings of men and women, while as of 2016, the difference was 16.8%. 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. Gender pay gap in OECD countries 2021 | Statista The Global Wage Report 2018 offers a more accurate way of calculating the gender pay gap. Seems positive, right . Finland is classified as "high income" by The World Bank, while Mexico is classified as "upper middle income." From this analysis I found three main factors that enabled the Iceland systems success and which could similarly ensure successful implementation of equal pay for work of equal value in other places, too. Such provisions are unlawful and therefore have no validity, shifting the burden of proof from employee to employer and forcing companies to develop or re-think their job evaluation systems. However, what is not especially complex is establishing the fact that the pay gap exists and is a significant problem, according to Sabanci. Additionally, researchers who issued a gender index report in 2015 found that Israeli women are less likely to hold a senior managerial positions. Wage Gaps by Gender - Investopedia "Gender Pay Gap in Oecd Countries as of 2021. In Germany, it's 13%, meaning that even for the same job, a woman earns 87 for every 100 earned by a man. This is despite the greater number of women with higher education levels, more women breaking barriers and entering industries that are male-dominated, and a push by all women for higher pay. How Women Worldwide Face the Gender Pay Gap and Why it Persists , 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. * Our sample consists of top executives across 31 countries over the 2004-2016 period. Access World Economic Forum's Global Gender Gap Report 2022 here. The gender pay gap shows that women earn less than their male colleagues in the same job. If companies show they pay equally for the same positions, they receive certification. Gender Pay Gap by State - AAUW : Empowering Women Since 1881. this year, to raise awareness about the US gender wage gap. The complete paper is available for download here. Show sources information Gender Wage Gap May Not Be Closed Until at Least 2056: Study The researchers say the new evidence showing the existence of the "within-job"pay gap means policymakers need to find ways to address it, as well as tacklethe long-understood problem of getting women into the best-paid professions. A firm that has more women managers tends to employ more women workers, which explains the gender pay gaps in those countries. The second-largest gap appears in the Economic Participation and Opportunity category. And despite efforts to close it, particularly amongst advanced industrial countries, it persists. Page Last Revised - March 17, 2022. It's an improvement, sure, but Citi acknowledged "there's . Here's how, is affecting economies, industries and global issues, with our crowdsourced digital platform to deliver impact at scale. Explaining the 'unexplained' gender pay gap - DW - 12/14/2022 Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. The U.S. had a 38.1% difference in 1973, while the difference was 18.1% in 2016. The second category includes views such as the degree to which religious beliefs are dogmatic, the acceptance of violence toward women as well as acceptance of intolerance and corruption. Of course they do. 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. Disclaimer. Download your state's policy guide by clicking on your state in the map below. ", OECD, Gender pay gap in OECD countries as of 2021 Statista, https://www.statista.com/statistics/934039/gender-pay-gap-select-countries/ (last visited June 28, 2023), Gender pay gap in OECD countries as of 2021 [Graph], OECD, March 10, 2023.