An extract from: Inequality: The IFS Deaton Review
By Alison Andrew, Institute for Fiscal Studies, Oriana Bandiera, London School of Economics, Monica Costa Dias, Institute for Fiscal Studies and Camille Landais, London School of Economics
This chapter is concerned with the differences between men and women in all activities that can be labelled as ‘work’ – that is, the time and energy that people devote to producing things of value. Work thus encompasses the production of market goods and service as well as the time spent doing household chores, childcare or care of the elderly.
- The average working-age woman in the UK earned 40% less than her male counterpart in 2019. That gap is about 13 percentage points, or 25%, lower than it was 25 years ago.
- The vast majority of the modest convergence in earnings of the past 25 years can be explained by the closing of the gender gap in education levels. Of the 13 percentage point drop in the gender pay gap, 10 percentage points (or over three...
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