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S. KOREA SHOWN TO HAVE HIGHEST GENDER PAY GAP AMONG 33 OECD COUNTRIES

By Jeong Min-ha,
Lee So-yeon
Published 2024.03.08. 16:49
0









Officials from the Korea Women's Hot-line distribute roses to students at Ewha
Womans University in Seodaemun-gu, Seoul, on the morning of International
Women's Day./ News1

South Korea was found to have the highest gender pay gap among 33 OECD
countries.

PwC, a global accounting and consulting network, announced on Mar. 8 that it has
released its Women in Work Index report, which measures and evaluates women’s
employment performance in 33 OECD countries on International Women’s Day.

PwC has been releasing the Women in Work Index every year since 2011. The index
measures changes in OECD countries based on five indicators related to gender
equality in the workplace. These indicators include the gender pay gap, which is
the difference between the median hourly wage of men and women, female labor
force participation rate, the gap between male and female labor force
participation rates, female unemployment rate, and female full-time employment
rate.

This year’s report is based on statistical data from 2022. The survey covers 33
of the 38 OECD countries, excluding Colombia, Costa Rica, Latvia, Lithuania, and
Turkey.

Over the last decade, the average score for the five indicators has been
increasing steadily. In 2022, the average score was 68, which is slightly higher
than the previous year’s score of 66. This increase was caused by an increase in
the female labor force participation rate, which rose from 70.8% in 2021 to
72.1% in 2022, and a decrease in the female unemployment rate, which fell from
6.4% in 2021 to 5.3% in 2022.

The gender pay gap has been improving at a slower pace than other indicators.
Although the average gender pay gap in the OECD decreased by 3 percentage points
between 2011 and 2022, it increased by 0.3 percentage points from the previous
year, reaching 13.5% in 2022.

“Although women’s economic participation has increased, those excluded from
high-quality, high-paying jobs are still worse off than men.,” the report says,
predicting that “It could take over 50 years to close the gender pay gap in OECD
countries based on current trends.”






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