About 50 years ago the landmark equal pay case in Australia introduced principles for equal pay for men and women. Despite our efforts, women still earn substantially less than men. Recent statistics published by Workplace Gender Equality Agency indicate that the national wage gap was 14.6% in August 2018 (source: https://www.wgea.gov.au/addressing-pay-equity/what-gender-pay-gap).
In this podcast, Dr Leonora Risse discusses her research into a common piece of advice for women – to be more confident in the workplace. Dr Risse explains how she estimated the relationship between confidence and pay and promotions, separately for men and women, using the Household, Income and Labour Dynamics in Australia (HILDA) survey data. We discuss her unexpected findings, as well as the implications of her research for Australians and organisations working towards reducing the gender pay gap.
This year's Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Esther Duflo, along with Abhijit Banerjee and Michael Kremer, for their experimental approach to alleviating global poverty.