stefanieorodriguez
Stefanie OConnell Rodriguez
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Data for women navigating money & ambition on their own terms
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WHAT WORKS for #ambitiouswomen #equalpay 👉🏼The gender wage gap was eliminated when more than 60% of workplace managers were women, according to this 2022 paper studying employer-employee data in Britain. Findings that are consistent with previous research that finds greater representation of women in senior positions narrows the gender gap in promotion rates at lower ranks.
Read the rest at...
Are Women Doing It for Themselves? Female Managers and the Gender Wage Gap
Women Helping Women? Evidence from Private Sector Data on Workplace Hierarchies
Read the rest at...
Are Women Doing It for Themselves? Female Managers and the Gender Wage Gap
Women Helping Women? Evidence from Private Sector Data on Workplace Hierarchies
Women in the US have been outpacing men in higher education for decades, but this has not closed the gender pay gap. In fact, it may be a response to it 👇🏼 #ambitiouswomen #equalpay
In 2022, The Wall Street Journal published an analysis tracking 1.7 million college graduates at more than 11,000 programs across roughly 2,000 universities as they entered the workforce, finding that within three years of graduating, men who got the same degrees from the same schools as their women classmates made more money nearly 75 percent of the time.
If anything, girls’ ongoing academic outperformance relative to boys’ is not a sign of gender inequality finally being relegated to history, but rather, a response to it. Ongoing gender inequality means girls need to outperform boys just to make as much as them. Because women still earn less money than their male peers at every education level. In fact, the wage gap widens with increased educational attainment, leaving U.S. women with advanced degrees being paid less, on average, than their male colleagues with a bachelor’s degree – yet another inequality that compounds further for many women of color.
P.S. Check out yesterday’s post for more on the trap of ‘the next generation is fixing this’ thinking
In 2022, The Wall Street Journal published an analysis tracking 1.7 million college graduates at more than 11,000 programs across roughly 2,000 universities as they entered the workforce, finding that within three years of graduating, men who got the same degrees from the same schools as their women classmates made more money nearly 75 percent of the time.
If anything, girls’ ongoing academic outperformance relative to boys’ is not a sign of gender inequality finally being relegated to history, but rather, a response to it. Ongoing gender inequality means girls need to outperform boys just to make as much as them. Because women still earn less money than their male peers at every education level. In fact, the wage gap widens with increased educational attainment, leaving U.S. women with advanced degrees being paid less, on average, than their male colleagues with a bachelor’s degree – yet another inequality that compounds further for many women of color.
P.S. Check out yesterday’s post for more on the trap of ‘the next generation is fixing this’ thinking
Women experiencing narrower pay gaps at the start of their careers is not a new phenomenon, but rather, the way the gender pay gap actually works. “This general pattern has not changed in at least four decades,” writes Rakesh Kochhar, senior researcher and author of the Pew Research Center 2022 pay gap report. Young women face the smallest wage gaps not because pay inequality disappears with the next generation, but because the pay gap grows over the course of a woman’s career as she faces compounding bias and discrimination at every step of the career ladder. #equalpay
According to Pew’s latest #paygap report, by the time American women reach ages 55 to 64 they’re making an average of just 79 cents on the dollar compared to their male peers, gaps that often grow even wider for women of color.
This is part 1 of 2. Tomorrow we talk why and how US women outpacing their male counterparts educationally has not closed this gap. Follow here to stay tuned for the next installment
According to Pew’s latest #paygap report, by the time American women reach ages 55 to 64 they’re making an average of just 79 cents on the dollar compared to their male peers, gaps that often grow even wider for women of color.
This is part 1 of 2. Tomorrow we talk why and how US women outpacing their male counterparts educationally has not closed this gap. Follow here to stay tuned for the next installment
Gender pay gaps shrink as companies are required to disclose them 📣
A 2023 paper surveying the existing empirical literature on the impact of wage transparency laws in various countries around the world are finally offering some GOOD news - finding that gender wage gaps shrink as wage transparency policies are implemented. With some study results suggesting that simply disclosing disparities in gender pay can increase the number of women who are hired and the number of women who are promoted to more senior positions.
While pay transparency laws are still relatively recent and limited to just some cities across the US, the job search site Hired finds that the implementation of salary transparency legislation in markets like San Francisco, Los Angeles and New York City, has already correlated with improved representation for women and reduced gender wage gaps in the tech sector.
Hope to see similar impacts on wage transparency improving pay equity across all gender identities, race, ethnicity, sexuality and all intersections of identity, as well as a commitment to finding and implementing more policies that actually work in fostering more equal practices, not just in pay, but recruiting, hiring, promotions, leadership, etc. #equalpay #ambitiouswomen #personalfinance
A 2023 paper surveying the existing empirical literature on the impact of wage transparency laws in various countries around the world are finally offering some GOOD news - finding that gender wage gaps shrink as wage transparency policies are implemented. With some study results suggesting that simply disclosing disparities in gender pay can increase the number of women who are hired and the number of women who are promoted to more senior positions.
While pay transparency laws are still relatively recent and limited to just some cities across the US, the job search site Hired finds that the implementation of salary transparency legislation in markets like San Francisco, Los Angeles and New York City, has already correlated with improved representation for women and reduced gender wage gaps in the tech sector.
Hope to see similar impacts on wage transparency improving pay equity across all gender identities, race, ethnicity, sexuality and all intersections of identity, as well as a commitment to finding and implementing more policies that actually work in fostering more equal practices, not just in pay, but recruiting, hiring, promotions, leadership, etc. #equalpay #ambitiouswomen #personalfinance
“Being in the highly visible token position has different effects for women and men. For example, men earn higher wages compared to women, both in male and in female-dominated occupations. There is ample evidence from existing research that “qualities associated with men and masculinity were more highly regarded and rewarded than qualities associated with women and femininity, even in predominately female professions. While women face a “glass ceiling” (i.e., their careers do not progress beyond certain levels in their companies' hierarchies), men ride the “glass escalator”. However, the privilege resulting from the “patriarchal dividend” is not only about masculinity, but it intersects with race, class, sexualities and other markers of social differentiation. For instance, male black nurses are not mistakenly identified as the doctors as is the case with their white colleagues. Gay, disabled, and working class men might be unable to access some of the privileges attributed to their gender, due to their marginalized status with regards to other social categorizations." Read the rest at: Male privilege revisited: How men in female-dominated occupations notice and actively reframe privilege #equalpay #ambitiouswomen
“Being in a couple can leave women with less savings” Talk about a headline that makes you stop in your tracks 👀
While the headlines typically talk about how women have less money saved than their male counterparts, this UK study did a deeper dive to find that gender roles in heterosexual relationships, as opposed to gender, drives differences in savings. #fairplay #personalfinance
While the headlines typically talk about how women have less money saved than their male counterparts, this UK study did a deeper dive to find that gender roles in heterosexual relationships, as opposed to gender, drives differences in savings. #fairplay #personalfinance
The average cost of car ownership for new vehicles is around $13,032 a year according to @Kelley Blue Book That’s about $1,086 a month. So, when buying a car, you need to consider a lot more than just the purchase price but how the ongoing cost of car ownership will fit into your monthly budget.
To get a more accurate estimate of the true cost of car ownership, including maintenance and repairs, check out Kelley Blue Book Service Advisor and see how much you can expect to spend based on the make and model of your vehicle at the link in my bio #ad
To get a more accurate estimate of the true cost of car ownership, including maintenance and repairs, check out Kelley Blue Book Service Advisor and see how much you can expect to spend based on the make and model of your vehicle at the link in my bio #ad
Your regular reminder that women don’t have a confidence problem, but a context problem. Whether it’s working with financial service providers or in the confines of their own household, women still disproportionately find themselves encountering environments that dismiss them, discriminate against them and sometimes even punish them for taking an active role, and the research finds that has lasting implications for who is and is not engaged in financial planning.
More on these findings UBS’s Own Your Worth Report 2023 #personalfinance #ambitiouswomen
More on these findings UBS’s Own Your Worth Report 2023 #personalfinance #ambitiouswomen
The most educated women are the most likely to be married in the US. Much like the data show career women in the US are the least likely to divorce, the narrative that women's professional, educational and financial ambitions are antithetical to their interest in or commitment to their relationships is a myth predicated on sexist assumptions that work and family life are mutually exclusive for women. #ambitiouswomen #fairplay
You can control for hours worked, you can control for parental status, you can control for negotiation propensity, you can control for performance, you can control for education, you can control for factor after factor after factor and still, pay gaps come up again and again.
And while these ‘controlled’ metrics give us A LOT of important information about ongoing pay gaps across gender identity, race, ethnicity, sexuality, and more. They also can and do obscure a lot of discrimination and bias, which is why it’s critical to consider all the ways in which pay gaps continue to show up, so we can create more comprehensive policy and accountability for addressing them.
#paygap #ambitiouswomen
And while these ‘controlled’ metrics give us A LOT of important information about ongoing pay gaps across gender identity, race, ethnicity, sexuality, and more. They also can and do obscure a lot of discrimination and bias, which is why it’s critical to consider all the ways in which pay gaps continue to show up, so we can create more comprehensive policy and accountability for addressing them.
#paygap #ambitiouswomen
Women in the U.S. ARE negotiating their salaries as much as their male counterparts, and this newly published empirical research finds evidence that women are actually MORE likely to negotiate. #equalpay
The paper also goes onto explore the consequences of the ongoing myth that “women don’t negotiate” - finding it is used to justify unequal pay and opportunity across gender identity, which reinforces the gender pay gaps that stubbornly persist.
Read the full report from Laura Kray, Jessica Kennedy and Margaret Lee at “Now, Women Do Ask: A Call to Update Beliefs about the Gender Pay Gap”
The paper also goes onto explore the consequences of the ongoing myth that “women don’t negotiate” - finding it is used to justify unequal pay and opportunity across gender identity, which reinforces the gender pay gaps that stubbornly persist.
Read the full report from Laura Kray, Jessica Kennedy and Margaret Lee at “Now, Women Do Ask: A Call to Update Beliefs about the Gender Pay Gap”
Vehicles historically lose roughly 20% or more of their original value in the first year, and as much as 60% of their original purchase price within the first five years (which is one of the reasons we purchased a used car) but there are some practical things you can do to maximize your car’s resale value like keeping up on repairs and maintenance.
Use @Kelley Blue Book Service Advisor to stay up to date on what maintenance your specific vehicle needs and keep detailed records of all services and repairs to maintain your car's value. Head to the link in my bio to try Kelley Blue Book Service Advisor out for yourself #ad
Use @Kelley Blue Book Service Advisor to stay up to date on what maintenance your specific vehicle needs and keep detailed records of all services and repairs to maintain your car's value. Head to the link in my bio to try Kelley Blue Book Service Advisor out for yourself #ad
“Over the past six decades, we have witnessed a relocation of gender wage inequality: whereas the largest wage gaps were once concentrated among lower-paid, lower-educated workers, today these wage gaps sit among the highest-paid, highly-educated workers," write Natasha Quadlin, Tom VanHeuvelen and Caitlin E Ahearn in their 2023 paper "High education and high-wage gender inequality"
"Further, we find large and growing wage effects at the highest percentiles among advanced degree holders, challenging the notion that women's selection into the upper echelons of higher education could significantly equalize top-end pay," they add. #ambitiouswomen #wagegap #equalpay
"Further, we find large and growing wage effects at the highest percentiles among advanced degree holders, challenging the notion that women's selection into the upper echelons of higher education could significantly equalize top-end pay," they add. #ambitiouswomen #wagegap #equalpay
The average new-car price is $48,798 so far in 2023, according to recent data from Kelley Blue Book. That’s a 34% increase from the same timeframe in 2019.
This Summer, we upgraded from our 2007 model to a new (to us) 2022 vehicle. Knowing that the true cost of car ownership extends far beyond the purchase price, I’m partnering with @Kelley Blue Book this month to talk all things maximizing money for my fellow car owners.
For instance, check out Kelley Blue Book Service Advisor to get personalized recommendations like what services to have done, when, and where to have them done locally, and how much you should expect to spend based on the make and model of your vehicle at the link in my bio #ad
This Summer, we upgraded from our 2007 model to a new (to us) 2022 vehicle. Knowing that the true cost of car ownership extends far beyond the purchase price, I’m partnering with @Kelley Blue Book this month to talk all things maximizing money for my fellow car owners.
For instance, check out Kelley Blue Book Service Advisor to get personalized recommendations like what services to have done, when, and where to have them done locally, and how much you should expect to spend based on the make and model of your vehicle at the link in my bio #ad
"Two-thirds of women breadwinners in same-sex couples say they feel more comfortable with being the breadwinner, reporting higher confidence in their financial decision-making than women primary earners in heterosexual couples.
Women face more trust issues from their male partners on their day-to-day spending and investing than men face from their female partners – and distrust is highest among non-primary earning men, who are more likely to worry about their breadwinner partners’ spending habits (66%) or hold them back from spending money (62%)."
According to UBS 's Own Your Worth 2023 Report #personalfinance #ambitiouswomen
Women face more trust issues from their male partners on their day-to-day spending and investing than men face from their female partners – and distrust is highest among non-primary earning men, who are more likely to worry about their breadwinner partners’ spending habits (66%) or hold them back from spending money (62%)."
According to UBS 's Own Your Worth 2023 Report #personalfinance #ambitiouswomen