Quote of the day

“I find economics increasingly satisfactory, and I think I am rather good at it.”– John Maynard Keynes

Sunday 8 April 2018

Micro - Gender Pay Gap

If gender pay gap is part of your A2 micro syllabus, this  piece from the IEA looks a good place to get some evaluative information - I've tested the first link, but if it doesn't work try going here :

A-gender bender

This week marked the deadline for large companies to reveal their gender pay gap statistics, as mandated in new government legislation.



Many are branding the measures - which require all companies with 250+ employees to report a variety of pay gap data - as “groundbreaking”. Yet in reality, the data has added little to the debate, and is likely to take us further away from the truth.  

Kate Andrews, News Editor at the IEA, released a new briefing to coincide with the deadline, which highlighted how the new requirements create a misleading picture of gender pay and female achievements in the workplace.


Crucially, the measures fail to factor in key differentials, like job, background, education level, age, years of experience and distinction between
full-time and part-time work. Without access to these kinds of data, the reporting tells us very little about men and women doing comparable work and is rendered meaningless, she argued.


There is also a danger that the measures could create worse outcomes for women - by, for example, disincentivising companies from hiring young women at the start of their careers, in the hope of massaging their pay gap figures.
Download the briefing for free here.
The report was covered by Al Jazeera and City AM, as well as by BBC Radio 4’s Today programme, where Kate took part in an interview, which you can listen to here.


She also wrote for the i newspaper, highlighting the flaws of the pay gap reporting measures, and for the Times Thunderer, arguing that now is the time to reclaim feminism from the radicals, who intentionally try to downplay the success of working women.
Following on from the report, Kate appeared across the media this week, dispelling some of the more egregious claims made about gender pay.


She took part in a heated debate with the Labour MP Stella Creasy on Sky News, which was written up in the Spectator’s Steerpike column and on the Guido Fawkes website.

Kate also appeared on: BBC Newsnight, Channel 4 News, BBC News, BBC World, the Victoria Derbyshire Show, Sky News bulletins, Channel 5’s The Wright Stuff, talkRADIO, Scotland Tonight, the Spectator's Coffee House Shots podcast, BBC Radio Scotland and a host of local radio stations.




Meanwhile, Julian Jessop, the IEA’s Chief Economist, also spent some time debunking the new reporting measures.
He appeared on BBC Radio 4’s Today programme as well, and was quoted in The Guardian on why examining the percentage of men and women in each quartile of the business could be a more useful exercise than comparing hourly gender pay gaps.
Julian also wrote a blog for the IEA website, explaining the major problems with the crude data being released, which you can read here.

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