It will now take an estimated 135.6 years to close the worldwide gender gap between men and women. However, progress is being made in areas including science and politics. Improving paternity policies and representation of women will help. There is still a huge amount of work to do to achieve gender equality around the world.
The most salient factors contributing to gender-based wealth inequity are gender pay gaps, unequal career progression trajectories, gender gaps in financial literacy, and life events that typically influence women's participation in paid work and their ability to contribute to wealth accumulation. 12
The fact is that even within those lucrative, male-dominated professions, the gender pay gap is still there. “There is a belief, which is just not true, that women are in bad occupations and if we just put them in better occupations, we would solve the gender gap problem,” Claudia Goldin of Harvard University told the New York Times .
The effectiveness of pay gap reporting has been scrutinized. For example, decreases in male pay rather than increased pay to women could explain gap reductions, while pay transparency may weaken bargaining power, meaning pay overall is reduced. Nearly all countries have one thing in common: a persistent gender pay gap.
Three ways for closing the gender gap. Here are three ways to make the next decade the one when we finally achieve gender parity. 1. Business leadership on gender parity is better for workers – and leads to better outcomes for the bottom line. On average, only 55% of adult women are in the labour market, versus 78% of men.
Global gender gap increased by a generation. UNESCO’s findings echo those of the World Economic Forum’s Global Gender Gap Report 2021, which found that the time it will take to close the worldwide gender gap has increased by a generation from 99.5 to 135.6 years. Gender parity has only been achieved in two of eight tracked “jobs of ...
The Global Gender Gap Index annually benchmarks the current state and evolution of gender parity across four key dimensions (Economic Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment). It is the longest-standing index tracking the progress of numerous countries’ efforts towards closing these gaps over time since its inception in 2006.
By comparison, the highest paid female football player, Alex Morgan, earns around $2.8 million. This is just one example of the huge gender pay gap in sports that persists in sport. And a new report has found that the situation is not likely to improve soon, as female athletes struggle to make themselves heard in a US$145bn-dollar global ...
The global gender gap score in 2024 for all 146 countries included in this edition stands at 68.5% closed. Compared against the constant sample of 143 countries included in last year’s edition, the global gender gap has been closed by a further +.1 percentage point, from 68.5% to 68.6%. When considering the 101 countries covered continuously ...
Mothers are doing a greater share of unpaid labour. The Global Gender Gap Report found that, among 33 countries representing 54% of the global working-age population, men spent just a third of the time women spend doing unpaid work (as a proportion of total work) - 19% compared to 55%. In this edited interview, Brearley explains what needs to ...