Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Monday, November 19, 2018 10:04:51 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Women with degrees earn more

photo by

By
11th-Feb-2018       
Comments
Share your thought
Post a comment »
Read all () »

Elizabeth Koprowski :
The Gender Pay Gap (GPG) is a hot-button issue in 2015. Wage equality has been the platform for presidential campaigns, Oscar acceptance speeches, and humorous internet videos. There is a fierce debate surrounding the causes and impacts of the GPG, but the reality is that in 2015 women all over the world still earn less than men. It's no surprise that a  recent study conducted by the Institute for Fiscal Studies (IFS), Harvard University, and the University of Cambridge confirmed that women in England earn less than men. However, the study also yielded interesting information about graduates with some positive implications for women.
According to the study, female graduates in England still earn less than their male counterparts but they earn, predictably, more than women without degrees. That in itself is not particularly astonishing, but what is unexpected is the rate at which earning potential increases for women with degrees. The study found that male graduates earned approximately two times more than men without degrees, while female graduates earned three times more than those without. For instance, the median income for a man with a degree was found to be £25,200, whereas the median income for a man without a degree stands at only £10,700. In comparison, the same figures for women with and without degrees was £19,500 and £6,300, respectively. Researchers involved in the study compared statistics from tax records and student loan information to track the earning potential of 260,000 people ten years after graduation. Overall, the study indicated that both men and women had greater earning potential with a degree and that while the recent economic crises have negatively impacted workers in their 20s and 30s the most, those with degrees fared better than those without.
As well as indicating that university degrees improve the earning potential of women, the study also suggested that education helps to close the GPG. The statistics still indicate that men with degrees earn more than women with degrees. For example, the study showed that after ten years, 10% of women were earning £43,000 per year compared with 10% of men who earned £55,000. However, the study found that the GPG between men and women with degrees was only 23%, whereas the overall GPG in England estimated by a Labour Force Survey stands at around 33%. Nevertheless, women graduates still suffered more economically during the recent recessions than their male counterparts, regardless of education.
Still, those who participated in the research maintain that the statistics set forth by the study indicate a strong correlation between education and higher earning potential, particularly for women. Jack Britton, a researcher with the IFS, argued that the study demonstrated that university degrees can provide "protection from low income" as well as some resistance to the negative effects of the recessions. Britton also stressed that the study showed that the protective qualities of a university degree were "particularly true for women."
The study did not set out to confirm the GPG, nor did it intend to find that women fared better when they held degrees. Instead, the researchers involved in the study focused on the potential of using 'big data.' This study, which was the first of its kind to be applied to graduate earning potential in the UK, aimed at gaining a more reliable overview.
The study's surprising results indicate that the 'big data' approach is an effective means of examining the subject. In the past, earning potential has been studied using smaller surveys that relied on accurate self-reporting. Such surveys can be flawed by participants who inaccurately report income, as well as other biases.
Furthermore, the IFS study used anonymised administrative data from the Student Loans Company (SLC), a non-profit, government-owned educational loan provider in the UK, to track graduate earnings between 1998 and 2011.  SLC provided 85% of English students with loans during this period, and researchers believe that the remaining 15% of students likely had even higher earning potential than those included in the study. Therefore, the researchers suspect that the study may even underestimate the earning potential of graduates.
The study is good news for students earning degrees, especially for women. However, the study did confirm that despite a degree, women earn less than men.
In fact, while women with degrees outperform women without in earning potential, the study also indicated that the top earning potential for women with degrees was still significantly lower than for men.
According to the study, ten years after graduation 1% of men were earning more than £148,000. Ten years after graduation, that same 1% of women were only earning more than £89,000. The IFS study may have confirmed that the GPG has yet to close, but it has also demonstrated that individuals can increase their earning potential, regardless of gender, by earning a degree.

(Elizabeth Koprowski is an American writer and travel historian. She has worked in the higher education system with international students both in Europe and in the USA).

Tariff
Add Rate

News Archive

Inside The New Nation

City »

Bangladesh Army Chief Aziz Ahmed inspcting parade on occasion of endorsing regimental colour to Adhoc 11 Bangladesh Infantry Regiment (Machanised ) at CMP Center and School Parade Ground in Savar Cantonment yesterday.


Cricket »

BCB President Nazmul Hassan assumes rotating ACC Presidency


President of Bangladesh Cricket Board (BCB) Nazmul Hassan Papon MP assumed the post of Asian Cricket Council (ACC) President for a two- year term at its Annual General Meeting held in the Pakistani city of Lahore on Saturday.Nazmul Hassan Papon is the 3rd ACC President from Bangladesh following in the ...

Cricket »

England win second Test against Sri Lanka to seal series


AFP, Kandy :Jack Leach's first five-wicket haul clinched an overwhelming win for England in the second Test against Sri Lanka on Sunday that sealed the series with a match to go.England needed just 30 minutes on the fifth day to take the final three wickets with Leach fittingly getting last ...

Editorial »

US-China trade war : An opportunity for BD to expand businesses and attract FDI


THE ongoing trade war between the US and China has created a better opportunity for Bangladesh, especially for garment sectors. The exporters have been receiving a greater number of work orders from both China and the US. The current trade war has opened an opportune moment for us (Bangladesh) as ...

International »

Sri Lankan President seeks talks to end power struggle


AFP, Colombo :Sri Lanka's President Maithripala Sirisena on Sunday called crucial talks with political leaders in a bid to end a power struggle with the prime minister he sacked last month.The Indian Ocean nation has been paralysed since October 26 when Sirisena deposed Ranil Wickremesinghe as premier and replaced him ...

International »

No ‘final conclusion’ on Khashoggi killing, say US


AFP, Washington  :The US government has not reached a final conclusion over the killing of Jamal Khashoggi, the State Department said Saturday following reports that the CIA had held the Saudi Crown Prince responsible."Recent reports indicating that the US government has made a final conclusion are inaccurate," State Department spokeswoman ...

Entertainment »

What Kriti Sanon is learning for her next movie?


Actress Kriti Sanon who has her hands filled currently with multiple projects has started taking Marathi lessons for her upcoming next. The actress who is currently shooting for Housefull 4 has already begun prep for her next, Panipat. As Kriti will be seen essaying the role of a Maratha queen ...

Entertainment »

IFFI to pay tributes to Sridevi, Shashi Kapoor and others


Actor Sridevi, who died unexpectedly earlier this year, will be posthumously honoured at the 49th edition of International Film Festival of India (IFFI). Sridevi, who had an illustrious career spanning over four decades, died at the age of 55 due to accidental drowning in Dubai earlier this year. The actor ...

Campus Life »

DIU Chairman gets honorary doctorate


Campus Report :In recognition of his vision to digital transformation of society, skill management to imbibe the spirit of entrepreneurship in every youth, and social contribution to destitute children through Daffodil Institute of Social Sciences (DISS) in association with Kalinga Institute of Social Sciences (KISS), Bhubaneswar, India, the management of ...

Business & Economy »

Mohammad Nawaz, Director of South Bangla Agriculture & Commerce (SBAC) Bank Ltd, inaugurating its 66th branch at Abdullahpur in South Keranigonj of Dhaka on Sunday. Md. Golam Faruque, Managing Director of the bank presided over the ceremony. DMD Tariqul Islam Chowdhury, Company Secretary Md. Mokaddes Ali and Branch Manager Salil Kumar Dutta were present.


Football »

Neymar penalty punishes Uruguay in feisty friendly


Neymar kept his cool to score the controversial penalty that fired Brazil to a 1-0 win over Uruguay in a full-blooded friendly on Friday.Brazil captain Neymar was subjected to some ferocious fouls from Uruguay as the clash between the South American rivals boiled over at Arsenal's Emirates Stadium.But the Paris ...

Cricket »

Shakib returns as BCB announces squad for 1st Test against WI


The Bangladesh Cricket Board (BCB) on Saturday announced the squad for the first Test of two-match series against the West Indies (WI) with ace all-rounder Shakib Al Hasan returned to the squad.Another big-name inclusion in the squad is Soumya Sarkar, whose last Test appearance came on the tour of South ...

Editorial »

Pro-people police is the demand of time


THE Police Investigation Bureau (PIB) has unveiled the mystery behind a spine-chilling crime where a middle-aged woman passenger was killed inside a running bus at Ashulia in the outskirts of Dhaka city. It took hardly seven days for them to crack the case. Police have already arrested the murderers along ...

International »

US opposes UN resolution condemning Israel's occupation of Golan Heights


AFP, United Nations :For the first time, the United States voted Friday against an annual UN resolution condemning Israel's occupation of the Golan Heights, dropping its practice of abstaining in the vote.The non-binding resolution was adopted in a General Assembly committee by a vote of 151 to 2, with the ...

Entertainment »

Aupee Karim returning to big screen


Entertainment Desk :Actress Aupee Karim is returning to the big screen after 15 years , with a film titled "Debris of Desire."Aupee made her debut in cinema with Mostofa Sarwar Farooki's 'Bachelor,' for which the actor won the Bangladesh National Film Award for Best Actress in 2004. The film is ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news