It's been well-documented that one factor that explains the "gender-pay gap" is the existence of a "gender-hours gap." According to the BLS, men worked on average about five more hours per week in 2009 (40.2 hours) than women on average (35.3 hours), and that "gender-hours gap" has persisted over time.
According to the Chartered Management Institute (CMI) and salary specialists XpertHR, the gender pay gap has widened because of a 50pc difference in reward payments.
Data from the 2013 Gender Salary Survey revealed that on average male managers received bonuses twice as big as those of their female peers over the past 12 months – £6,442 compared with £3,029.
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It’s International Women’s Day, which makes today a good day to examine why America just can’t seem to pay women as much as men.
Editor's Note: The following post comes to us from Philipp Geiler of the Department of Finance at EMLYON Business School and Luc Renneboog, Professor of Corporate Finance at Tilburg University.
In our recent ECGI work