What's driving the gender pay gap and what gains can be made from closing it?
boost to OECD GDP from increasing female employment rates to match Sweden’s
boost to OECD female earnings from closing the gender pay gap
OECD average gender pay gap
boost to UK female earnings from closing the gender pay gap
This year’s update of the Women in Work Index shows that the OECD has continued its gradual progress towards greater female economic empowerment. The Nordic countries, particularly Iceland, Sweden and Norway, continue to occupy the top positions on the Index.
We also explore the drivers of the gender pay gap across the OECD in this year's update. We find that government spending on family benefits, the share of female entrepreneurs, maternity leave and occupational segregation help explain the gender pay gap. The gains from closing the gap are substantial: achieving pay parity in the OECD could increase total female earnings by US$2 trillion.
View the key findings below for highlights from our research and explore the results further using our interactive data tool. We provide more detailed analysis and commentary in the full report which you can download below.
Yong Jing Teow
Economist, PwC United Kingdom
Tel: +44 (0)7525 281974