Constant progress for nearly 20 years
In 2000, women in the Grand Duchy earned 15% less than their male counterparts. 15 years later, the gap had been narrowed to 4.9%. Out of all the countries analysed, the Grand Duchy ranks first, with the narrowest gender-related pay gap.
The study also notes that the Grand Duchy is the country to have made the fastest short-term progress in terms of women's participation in the work force. The rate in the Grand Duchy increased from 64% in 2014 to 66% in 2015. This makes it the country that has done most to narrow the gender-related gap in participation in the work force over a one-year period.
The results of the study for the PwC Women In Work Index match the STATEC figures published in February 2017. The Grand Duchy's national statistics office noted generally that the gender-related pay gap in the Grand Duchy was the narrowest in the European Union, but that male employees were still being paid more than their female counterparts.
Another study confirming the analysis reached by the PwC Women In Work Index: the World Economic Forum's Global Gender Gap Report 2016 . These two indexes, which measure progress in terms of gender equality, are strongly correlated, with a coefficient of correlation of 0.72. In fact, the Grand Duchy earns a near-perfect score for the 'estimated earned income' indicator in the Global Gender Gap Report 2016.
The Grand Duchy is ahead of its neighbours!
According to the same study, most OECD countries will bridge the gender-related pay gap in the next fifty years.. On the basis of recent developments and current trends, the Index forecasts that pay equality will be achieved in Belgium n 2028. Female employees in France will not achieve the same pay as their male counterparts before 2084. The situation is even worse in Germany: the gender-related pay gap is likely to exist for another three hundred years!
However, although the Grand Duchy has made strides in improving its rate for the participation of women in the workforce and is close to equal pay, it doesn't mean there is no room for improvement. Even today, for example, women often find themselves up against a "glass ceiling". This expression refers to the fact that some higher decision-making levels are still closed to most women. PwC does indeed note that in 2015 only 11% of managerial posts in the Grand Duchy were occupied by women.
(Article written by the editorial team of the luxembourg.lu portal)