Europe s Gender Pay Gap And The Factors Affecting The Gap

Europe’s gender pay gap and the factors affecting the gap Europe has a significantly wide gender wage gap. In the broader sense, women are paid an average of 16% less per hour than men in European countries. As a result of this wage gap, women earn much less than men over their lifetimes. This causes for lower pensions as well as a risk for poverty once a woman reaches old age. In 2012 alone, 21.7% of women aged 65 and over were at a high risk for poverty due to their pay. This is significantly less than the 16.3% of men aged 65 and over who were at a high risk for poverty (EU Commission, 2014, p. 2). One of the reasons for this difference in pay is due to the employment rate in Europe. Looking at European employees aged 20-64, the employment rate for women is 62.3% and for men is 75%. The main reason for this is due to the fact that a majority of women are part-time employees- 31% of women in Europe work part-time in comparison the only 9% of men. As a result, women are less likely to work full-time, higher paying jobs that will allow for them to earn rights for pension, health benefits, and so much more (EU Commission, 2014, p. 2). Discrimination is an additional factor that leads to the gender pay gap. Per Beckerian Discrimination, discrimination is defined as â€Å"the valuation in the marketplace of personal characteristics of the worker that are unrelated to worker productivity† (Wikipedia). Personal characteristics include physical features such as one’s race or sex,Show MoreRelatedEffects Of Gender Discrimination On The Workplace1229 Words   |  5 Pagesour country has made great strides in the area of gender equality in and out of the workplace. With that being said things are still not equal. Women still on average make less than men for the same jobs. Even though they make up almost half of the workforce they are not treated as equals. What causes this blatant discrimination against the female sex? 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