Younger women significantly narrow the gender pay gap while education attainment outpaces men

Women and the Earning Gap

A new study by Pew Research suggest that young women are ‘leaning in’ more and more as earnings and education attainment level increase for women. A study by the Pew Research center shows that for younger women, the so called Millennial generation, the unadjusted gap between what women an men earn is significantly smaller than women from other generations.  The survey, which is based on U.S. Census data, finds that:

this group of young women are the first in modern history to start their work lives at near parity with men. In 2012,

The study found that among workers ages 25 to 34, women’s unadjusted hourly earnings were 93% those of men.  By comparison, for all working men and women ages 16 and older, the study found that women’s hourly wages were 84% those of men.

The study does not adjust for factors such as the type of job.  Accounting  for these types of employment factors would likely decrease the earnings gap even further.

The study also found that women in the Millennial generation outpaced men in terms of educational attainment. The graph below shows the % of men and women enrolled in college and those earning Bachelors’ degrees.

In Educational Attainment, Millennial Women Outpace Men

Published by

Dwight Steward, Ph.D.

Dr. Steward regularly writes and speaks on topics involving business and individual economic damages, employment audits, and the analysis of payroll and time data in wage and hour investigations. Dr. Steward has also held teaching positions at The University of Texas-Austin in the Department of Economics and in the Red McCombs School of Business, The College of Business at Sam Houston State University, and at The University of Iowa. He has taught numerous courses in statistics, corporate finance, labor economics, business policies, managerial economics, and microeconomics.