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Female finances: Gender Wage Gaps and Gender Assets Gaps

Author

Listed:
  • Tracey Warren

    (University of Nottingham)

  • Karen Rowlingson

    (University of Bath)

  • Claire Whyley

    (University of Bristol)

Abstract

The size and source of the gender wage gap in Britain has been well researched. Women's typically lower status employment and their reduced, discontinuous career profiles when they have caring responsibilities have combined seriously to damage their ability to earn a decent wage. Such marked gender differences in employment patterns produce a substantial gender gap in levels of wealth too, yet despite this there has been less attention paid to the gendering of assets than there has to gender differentials in earnings and income. So to pull out these multi-dimensional effects of a gender disadvantaged labour market, this article explores the extent of wage and assets inequality in Britain in the mid 1990s. Analysis of the Family Resources Survey shows that women continue to have lower incomes than men even with their increased entry to the labour market, and have fewer chances to build up a safety net of savings in their working lives and a good income for their retirement. It would seem that in a future Britain where individuals will increasingly depend on private pensions rather than a state minimum, even if women continue to increase their participation levels, the poverty they face in old age will persist.

Suggested Citation

  • Tracey Warren & Karen Rowlingson & Claire Whyley, 2001. "Female finances: Gender Wage Gaps and Gender Assets Gaps," Work, Employment & Society, British Sociological Association, vol. 15(3), pages 465-488, September.
    • Handle: RePEc:sae:woemps:v:15:y:2001:i:3:p:465-488
    DOI: 10.1177/09500170122119110
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    References listed on IDEAS

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    1. Tracey Warren, 2000. "Women in Low Status Part-Time Jobs: A Class and Gender Analysis," Sociological Research Online, , vol. 4(4), pages 152-170, February.
    2. Oaxaca, Ronald, 1973. "Male-Female Wage Differentials in Urban Labor Markets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(3), pages 693-709, October.
    3. Becker, Gary S, 1985. "Human Capital, Effort, and the Sexual Division of Labor," Journal of Labor Economics, University of Chicago Press, vol. 3(1), pages 33-58, January.
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    Cited by:

    1. Sierminska, Eva & Piazzalunga, Daniela & Grabka, Markus M., 2018. "Transitioning towards more equality? Wealth gender differences and the changing role of explanatory factors over time," GLO Discussion Paper Series 252, Global Labor Organization (GLO).
    2. Michelle Maroto & Laura Aylsworth, 2017. "Assessing the Relationship Between Gender, Household Structure, and Net Worth in the United States," Journal of Family and Economic Issues, Springer, vol. 38(4), pages 556-571, December.
    3. Asta Zokaityte, 2018. "The UK's Money Advice Service: Edu†Regulating Consumer Decision†Making," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 47(2-3), pages 387-412, July.
    4. Barron, David Nicholas & West, Elizabeth, 2007. "The emotional costs of caring incurred by men and women in the British labour market," Social Science & Medicine, Elsevier, vol. 65(10), pages 2160-2171, November.

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