Full-time working women aged between 25 and 29 now earn more than their male counterparts, according to a recent OECD report.
While the same report claims there is a gender wage gap in Australia of 14.29 per cent, that figure is based on a comparison of median weekly earnings.
When wages between people working at the same level, function and company are compared, the gap shrinks to 1.4 per cent, the Korn Ferry Hay Group found in 2016.
A recent OECD report reveals full-time working women (pictured is a stock image) aged between 25 and 29 now earn more than their male counterparts
Resident scholar at the American Enterprise Institute Christina Hoff Sommers (pictured) called the gender pay gap a ‘myth that will not die’
The OECD report, titled The Pursuit of Gender Equality: An Uphill Battle, found full-time employed women aged 25 to 29 are better paid than men the same age.
‘Pay gaps disappear when looking at the differences between the older age groups – for 55-59 year-olds, for example … the gap in Australia [is] as large as 27%,’ it states.
The report noted because women typically bear a greater responsibility for childcare their ability to engage and advance in the labour market is limited.
Men continue to earn more than women, the report claimed, but ‘men are much more likely than women to work very long hours’.
While the same report claims there is a gender wage gap in Australia of 14.29 per cent, that figure is based on a comparison of median weekly earnings (pictured is a stock image)
Resident scholar at the American Enterprise Institute Christina Hoff Sommers called the gender pay gap a ‘myth that will not die’.
‘It doesn’t take into account differences in occupations, positions, education, job tenure or hours worked per week,’ she said.
‘When such relevant factors are considered, the wage gap narrows to the point of vanishing.’
The OECD defines the gender wage gap as: ‘the difference between median earnings of men and women relative to median earnings of men. Data refer to full-time employees and to self-employed.’
Data on weekly earnings of full-time employees provided by the Australian Bureau of Statistics was used in the OECD calculations along with a labour force survey.
When wages between people working at the same level, function and company are compared, the gap shrinks to 1.4 per cent, the Korn Ferry Hay Group found in 2016 (pictured, stock image)