Transcription of Gender Pay Inequality
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Gender Pay InequalityConsequences for Women, Families and the Report by the Joint Economic Committee Democratic StaffAPRIL 2016 This page intentionally left blank Prepared by the Democratic staff of the Joint Economic Committee i | Page TABLE OF CONTENTS Introduction .. 1 The Gender Pay Gap .. 2 How Economists Calculate the Gender Pay Gap .. 2 Career-Long Wage Disparities Jeopardize Women s Retirement Security .. 3 The Gender Pay Gap Affects What Women Receive From Social Security .. 4 Women Receive Less Pension Income Than Men .. 5 A Higher Percentage of Women Live in Poverty After Age 65 .. 5 Disparities by Race, Age and Region .. 6 Many Women of Color Face Larger Gender Pay Gaps When Compared to White Men .. 6 The Disparity Between Male and Female Earnings Increases With Age .. 7 The Size of the Gender Pay Gap Varies Widely in Different Parts of the Country .. 8 The Broader Costs of Gender Pay Inequality .
family’s total earnings. • Women’s increased participation in the paid labor force has been a major driver of economic growth in recent decades. According to the Council of Economic Advisers, the U.S. economy is $2.0 trillion bigger today than it would have been if women had not increased their participation and hours since 1970.
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