Why is the gender pay gap higher for management jobs?

Rick's avatarFlip Chart Fairy Tales

The Chartered Management Institute and XpertHR published the results of a survey on the gender pay gap last week. It found that female managers earn less than their male counterparts, with the gap increasing with age. At 23 percent, the management gender pay gap is wider than the 19.7 percent in the workforce as a whole.

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The study found that the management gender pay gap really kicks in in the mid 30s.

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It also found that, by and large, the gap increased the further up the career ladder people go.

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This is consistent with the ONS data that I have been following for the past few years. The full-time pay gap at the median has almost disappeared for those in the twenties, with women earning slightly more than men in recent years. There has also been a significant fall in the gender pay gap for those in their thirties.

Gender…

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The average cost of getting elected to Congress is soaring

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William Easterly on the Tyranny of Experts and the Forgotten Rights of the Poor

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Hayek on the appeal of socialism to the young mind

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The sun is setting on solar power, the money’s gone and nobody’s asking any questions.

Pointman's avatarPointman's

If you keep an eye on the financial world, which I do, and especially the green sectors, which I also do, it’s been an interesting time of late. Within the last few weeks, Solar Trust of America (STA), owner of the world’s largest solar plant, filed for bankruptcy protection under Chapter 11, and nobody expects much of it, if anything, to emerge from it. STA joins a long list of companies in the solar energy sector, who’ve gone bankrupt, ducked into protection from their creditors, suspended production indefinitely or are simply circling the plughole.

Across the world, a few of the more prominent and expensive casualties are Solyndra, Solar Millennium AG, Energy Conversion Devices Inc, Q-Cells, Solon, Solar Millenium, Solarhybrid, Ener1, Range Fuels, Beacon Power Corp and there’s a whole lot of others. In case you haven’t noticed, it’s probably not a good idea to invest your hard-earned pennies in any company with “solar” in its…

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The number of ‘low-income’ countries halved since 1994

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The Marshall plan and the Greek bailout compared

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How to Tell Someone’s Age When All You Know Is Her Name

via How to Tell Someone’s Age When All You Know Is Her Name | FiveThirtyEight.

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Greece: Past Critiques and the Path Forward

iMFdirect's avatariMFdirect - The IMF Blog

IMG_0248By Olivier Blanchard

(Versions in EspañolFrançaisελληνικάРусский中文عربي)

All eyes are on Greece, as the parties involved continue to strive for a lasting deal, spurring vigorous debate and some sharp criticisms, including of the IMF.

In this context, I thought some reflections on the main critiques could help clarify some key points of contention as well as shine a light on a possible way forward.

The main critiques, as I see them, fall under the following four categories:

  • The 2010 program only served to raise debt and demanded excessive fiscal adjustment.
  • The financing to Greece was used to repay foreign banks.
  • Growth-killing structural reforms, together with fiscal austerity, have led to an economic depression.
  • Creditors have learned nothing and keep repeating the same mistakes.

View original post 1,328 more words

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Voter turnout among voting age people

Under the shy Labour voter theory, countries with low turnouts should have right-wing governments and countries with high turnouts should have left-wing governments. Do they?

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John Rawls on tolerating the intolerant

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The Great Fact: the rise of the middle class in developing countries

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Creative destruction in hard disks

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Greece versus Turkey: It’s the exchange rate exchange rate regime stupid!

Lars Christensen's avatarThe Market Monetarist

A history of political dysfunctionality, corruption, military coups, military conflict with a neighboring country, large current deficits and weak fiscal management.

Greece fits that description perfectly well, but so does Turkey. So why don’t we have a major crisis in Turkey and why is Turkey not on the brink of default when neighboring Greece is?

The answer is simple – It’s the exchange rate exchange rate regime stupid!

In 2001 Turkey was forced by a major crisis to abandon it’s managed/crawling peg regime and instead introduced a floating exchange rate regime and the Turkish central bank introduced an inflation targeting regime.

14 years later Turkey is still in many ways politically dysfunctional – in fact it has gotten worse in recent years – there has been rumours of plans of military coups, there has been major corruption scandals even involving the Prime Minister (now president Erdogan) and the governing AKParty…

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Why gender analysis is essential to empirical labour economics

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