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The Increase In The Gender Pay Gap

Decent Essays

Women’s earning has been substantially increasing in the last fifty years. When we are seeing this improvement in the light of relativity after comparing with men’s earning, it actually shows significant improvement with the current ratio and also with ratio of women’s previous income to the recent numbers. The increase ratio is also significantly stable which explain gradual narrowing of the pay gap. When the process first started, the progress mainly centered on women of young age, but as the scene has now changed, women of all ages are now participating in the change. It is astonishing that in the time where the pay gap between the high and low wage earners is increasing, women are still able to shorten the gap of earning with the men. But …show more content…

Like: we need to consider work modules like part time and full time schedules of both genders. That’s because women are more likely to work part time than men. From the annual and weekly earning series of full time workers, we get that until the late 1970s women were entitled to about 60 percent of the payment used to be received by men. Counting from 1978, in only 15 years it rises by almost 16%. After that, in the next 10 years it rises only 4%. The problem is, after that the ratio tends to become stable. So, the gap still persists as it is narrowed down but not entirely coming to close the gap.
Economists’ Explanation for the Gender Pay Gap
Economists put emphasis on two points indicating them as the core reason behind women’s comparative low earning.
1. Qualification
2. Discrimination
The gap between women and men in receiving education in high school level isn’t very high in many countries. But the difference is created in the advanced level where a higher number of male receive college degrees than female. The situation becomes worse when men tend to concentrate on career oriented fields which lead to high …show more content…

This is caused mainly by the discrimination. Becker’s discrimination model (1971) explains a lot in this regard. Economic regression models trying to explain the ‘unexplained’ factor of pay gap indicated towards the discrimination of women in work place. The huge lawsuits of Lucky Store in 1994, Voice of America in 2000 were almost a subtle declaration of workplace discrimination against women regarding wage. The social structure and view of women is slowly changing as it is being established that they are an equal beholder of fair

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