The impact of a sustained gender wage gap on the Australian economy

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HTMLThe impact of a sustained gender wage gap on the Australian economy

16 March 2010Pay inequity costs the Australian economy $93 billion per year, or 8.5% of GDP, according to this report.

The report identifies reasons for the gender pay gap and measured the impact of the gap on economic growth. It finds that 'being a woman' was the single largest reason for the gender pay gap (60%). This includes complicated factors such as women's choices of careers, jobs and work hours, consideration of caring responsibilities, women's work motivations, bargaining power and appetite for risk, as well as discrimination against women that occurs in the workplace. Other contributing factors such as industry segregation and labour force history impact on the gender pay gap.

The report was prepared by NATSEM for the Office for Women.

Publication typeReport
Publisher TypeAcademic research centre, APO Member
CoverageAustralia
Permanent URLhttp://apo.org.au/node/20711
Views2947

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