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310    CHAPTER 10               Gender and Age


         FIGURE 10.7        The Gender Pay Gap, by Education       1

               $100,000
                                       Men                                                    $91,600
                $90,000                Women

                $80,000

                $70,000
                        $62,500                                                                     $62,600
              Earnings per year  $50,000  $45,300   $44,300       $52,200       $54,500 $42,000
                $60,000



                $40,000
                $30,000               $33,500             $32,100       $36,400
                                            $23,500
                $20,000

                $10,000
                               72%           70%           72%           70%           77%           68%
                    0
                          Average of    High School   High School  Some College,  Associate’s    College
                          All Workers   Dropouts      Graduates     No Degree      Degree       Graduates 2
       1
        Full-time workers in all fields. Dollars rounded to the nearest hundred. The percentage at the bottom of each purple bar indicates the women’s average percent-
       age of the men’s income.
       2
        Bachelor’s and all higher degrees, including professional degrees.
       Source: By the author. Based on Statistical Abstract of the United States 2013:Table 717.


                                          The pay gap is so great that U.S. women who work full time average only 72 percent
                                       of what men are paid. As you can see from Figure 10.8 on the next page, the pay gap
                                       used to be even worse. And it isn’t just the United States. A gender gap in pay occurs in
                                       all industrialized nations.
        As the glass ceiling slowly cracks,
        women are gaining entry into the   Reasons for the Gender Pay Gap.  What logic can underlie the gender pay gap?
        top positions of society. Shown here   As we just saw, college degrees are gender linked, so perhaps this gap is due to career
        is Marissa Mayer, CEO of Yahoo! as   choices. Maybe women are more likely to choose lower-paying jobs, such as teaching
        she announces Yahoo’s purchase of
        Tumblr.                                           grade school, while men are more likely to go into better-paying
                                                          fields, such as business and engineering. Actually, this is true, and
                                                          researchers have found that about half of the gender pay gap is
                                                          due to such factors. And the balance? It consists of a combination
                                                          of gender discrimination (Jacobs 2003; Roth 2003) and what is
                                                          called the “child penalty”—women missing out on work experi-
                                                          ence and opportunities while they care for children (Hundley
                                                          2001; Wilde et al. 2010).
                                                            Another reason has also become apparent. Let’s look at this in
                                                          the Down-to-Earth Sociology box on page 312.
                                                          The CEO Gap.   As a final indication of the extent of the gap in
                                                          gender pay (and power), consider this. Of the nation’s top 500
                                                          corporations (the so-called Fortune 500), only 18 are headed by
                                                          women (Bosker 2012). This low number is a large improvement!
                                                          Just seven women were CEOs of these companies in 2003.
                                                            I examined the names of the CEOs of the 350 largest U.S. cor-
                                                          porations, and I found that your best chance to reach the top is to
                                                          be named (in this order) John, Robert, James, William, or Charles.
                                                          Edward, Lawrence, and Richard are also advantageous names.
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