Gender Pay Gap Might Never Disappear in US and UK, Study Shows
- Retirement of older age cohort drives gender pay convergence
- Earnings differential to remain without structural breaks
A determining factor in the earnings differential continues to be the educational choices of men and women.
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The gender pay gap is set to persist in the foreseeable future, contradicting trend-based forecasts that predict that incomes between men and women are converging, a recent study shows.
The narrowing of the pay gap between the mid-1970s and the early 2000s in most high-income economies was driven by lower earnings differentials between male and female labor market entrants, according to findings published by the Centre for Economic Policy Research.