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.
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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
A recent Wells Fargo note looks at the gender wage gap broken down by age bracket. There are two things going on here: first, there's a wage gap no matter what the age. Women, even in high school, even after graduating from college, at 16 and 26 and 36, make less than their male peers.