The agency criticizes the persistence of the gender wage gap and stresses that this hurts the growth of countries.
The gender pay gap persists. The Organization for Economic Co-operation and Development (OECD) criticized in a report published Thursday (04.10.2017) that women continue to earn 15% less than their male counterparts.
The young people from the club of developed countries finish their studies with better grades than their male counterparts, but they face discrimination in all social and economic areas which results, among other things, in important wage differentials. According to the 35-country club document, the pay gap is larger in India (52.9%), Turkey (42%) and Mexico (42%), while Finland (3%), Lithuania (3.3%) and Sweden (3.6%).
According to these data, the wage gap between men and women has hardly changed in the last decade, despite the implementation of labor-family reconciliation policies, transparency in wage differences or quota systems to increase the number of women in decision-making positions.
The unbreakable glass ceiling
Wage inequality also tends to increase with age, a trend in which maternity has a determining role. In this regard, the OECD recalls that the so-called glass ceiling remains unbroken: the report points out that when women work, they are more likely to do it in a part-time basis, to move less towards managerial positions and to be discriminated against.
The result is that this form of discrimination hinders the growth of countries. According to the agency's calculations, a 25% reduction of this gender gap by 2025 could add one point to the expected growth of the gross domestic product in the OECD and almost 2.5 points if it were reduced by half in the same period. "Clearly much remains to be done," the document said.