Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Tuesday, February 20, 2018 03:39:32 PM
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

Sports »

Medalists in the women's 12.5-kilometer mass start biathlon (from right) Belarus' Darya Domracheva (silver), Slovakia's Anastasiya Kuzmina (gold) and Norway's Tiril Eckhoff (bronze) pose during their medals ceremony at the 2018 Winter Olympics in Pyeongchang, South Korea on Sunday.


Entertainment »

I am very excited about working with Akshay Kumar: Parineeti


Parineeti Chopra, who will be sharing screen space for the first time with Akshay Kumar, says she is excited to work with the superstar in Kesari.The film, being directed by Anurag Singh, will see Akshay essaying the role of Havildar Ishar Singh, while Parineeti plays his wife."(I) am very excited ...

Editorial »

We welcome UK`s removal of ban on direct air cargo


THE UK government has fully withdrawn the two-year-long ban on direct cargo flights from Dhaka to London ending the plight of exporters, particularly garment exporters who were facing difficulty to make emergency shipment of samples and other cargo to buyers within the stipulated time. The British government said it is ...

City »

Buyers flip through the books at a stall of Amar Ekushey Book Fair on Bangla Academy premises in the city on Monday.


International »

Syrian forces to back YPG` in fight against Turkey


Al Jazeera News :The Kurdish YPG fighters claim they have reached a deal to allow Syrian government troops to enter Afrin in the northwestern part of the border town.Nuri Mahmoud, a spokesman for the People's Protection Units (YPG), told Al Jazeera on Monday that they are calling on the Syrian ...

Editorial »

Cleansing operation to stop leakage of question


QUESTION leakage during the ongoing SSC examination showed that the government has no power and the Education Ministry has no control over the corrupt people handling the question papers. So far questions of all 10 tests were openly available around the examination centers in Dhaka city and other places from ...

Sports »

Simidele Adeagbo of Nigeria reacts in the finish area after the final run of the women's skeleton competition at the 2018 Winter Olympics in Pyeongchang, South Korea on Saturday.


Entertainment »

Rekha Rana to be a part of Hollywood Television Series, Be Great!


Rekha has been recently shooting for a Hollywood television series, Be Great!. She is Pretty much Excited and happy to be a part of the Television Series which is going to showcase true stories and also the fact that the series is very inspiring. Rekha saw early potential in 'Be ...

International »

Russian election plot touched even minor Trump supporters


AP, West Palm Beach :The request was simple: organize or attend a sign-waving rally supporting Donald Trump. But some of the Florida Republicans on the receiving end of those requests now know that they didn't come from Republican allies, but from Russian adversaries.Caught up in an elaborate Russian plot without ...

City »

Bangladesh Chhatra Moitri formed a human chain in front of the Jatiya Press Club on Sunday in protest against leakage of question papers.


Editorial »

More than Suu Kyi, the Generals deserve punishment first


THE UN special envoy on Thursday said, Myanmar's Aung San Suu Kyi has clearly failed to stand up for the Rohingyas, and can well be held accountable for crimes against humanity. To a greater extent the UN envoy is correct. While talking to a news channel, the UN envoy also ...

Cricket »

Tamim to play in 2nd T20I against Sri Lanka


Sports Reporter :Dashing opener Tamim Iqbal will play for Bangladesh in the second and final Twenty20 International Cricket match against Sri Lanka at Sylhet International Cricket Stadium in Sylhet today. The match starts at 5.00 pm.Captain of Bangladesh team Mahmudullah Riyad said, " Tamim's condition is now pretty good. I ...

Entertainment »

Jennifer Winget back with `Bepannah`


Indian television's popular face Jennifer Winget has a huge fanbase-thanks to her impeccable acting prowess. Her performances on the silver screen have always made her a winner and after swooning the viewers in 'Beyhadh', the actress is back with a new TV show.Jennifer's new television show is titled 'Bepannah' and ...

City »

Home Minister Asaduzzaman Khan distributing Bangladesh Coastguard Medals among the officials and employees of Bangladesh Coastguard at a ceremony organised recently at its Headquarters in the city 's Agargaon.


International »

Former playboy model alleges affair with Trump


AFP, Washington :A second woman has made allegations of an affair with Donald Trump, describing complex legal and financial agreements in an alleged bid to cover it up.Former Playboy model Karen McDougal claims that she and Mr Trump had a sexual relationship in 2006, months after first lady Melania Trump ...

 
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