Gender Pay Gap-Retirement Marketing Research Assignment

Gender Pay Gap-Retirement
Name
Institution
Date
GENDER PAY GAP-RETIREMENT
Gender Pay Gap-Retirement
The gender pay gap
The gender pay gap is the disparity in earnings between men and women where men tend to earn higher for similar jobs to women. The mean average earnings are one of the most common measure to evaluate the gender pay gap. The earnings disparity is not only wages and salaries, but also bonuses. According to the U.S. Bureau of Labor Statistics, in 2016, among full-time and salary wages women on average earned median weekly earnings that were 82% of their male counterparts, and this has increased compared to 62% in 1979 (BLS, 2017). The gender pay gap has narrowed as more women have entered the workplace, but there is still gender discrimination that may influence what employers pay.
- Current statistics
Women's and men's weekly earnings by age in 2016-table and data


AgeWomenMenTotal, 16 years and older$749$91516 to 2448651225 to 3470579435 to 448391,00745 to 548361,07555 to 648121,10265 and older749992< HYPERLINK "/opub/ted/2017/womens-and-mens-earnings-by-age-in-2016.htm" /opub/ted/2017/womens-and-mens-earnings-by-age-in-2016.htm>
Median weekly earnings $767 for women, $937 for men, in third quarter 2017


CharacteristicTotalMenWomenTotal$859 $937 $767 White887965791Black or African American696744658Asian1,0101,147902Hispanic or Latino655698597
< HYPERLINK "/opub/ted/2017/median-weekly-earnings-767-for-women-937-for-men-in-third-quarter-2017.htm" /opub/ted/2017/median-weekly-earnings-767-for-women-937-for-men-in-third-quarter-2017.htm>
Planning for retirement for men and women
When planning for retirement, women are at a disadvantage as they earn less than their male counterparts and this limits how much they can invest. Having more in...