The studyalso found that among women who took off work for just one year,their earnings were 39 percent lower than for women who worked all15 years. (Photo: Shutterstock)
(Bloomberg) –The wage gap for women is typically reported ataround 80 cents for every dollar earned by men, but a new studyargues it is even larger when measured over the long-term.
|Women's earnings were just 49 percent of men's earnings— or a 51 percent wage gap — when measured by total earnings over15 years for all those who worked in at least one year, accordingto a study by the Institute for Women's Policy Research releasedWednesday.
|What's more, progress slowed in the study period, between2001 and 2015, compared with the preceding 30 years, economistsHeidi Hartmann and Stephen Rose said in the report. (See the chartbelow.)
|The study also found that among women who took off work for justone year, their earnings were 39 percent lower than for women whoworked all 15 years.
|“We have actually been underestimating the extent of payinequality in the labor market,” Hartmann, who's also IWPR'spresident, said in a statement accompanying the study.
|
Progress has slowed recently insolving the gender pay gap. (Image: Bloomberg; source data:Institute for Women's Policy Research)
READ MORE:
|Here's how you can proactively address the genderpay inequity
|Gender pay gap greater among small to midsizedbusinesses
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