1、PwC Women in Work 2024February 2024Unmasking inequalities:Delving deeper into the gender pay gapExecutive summaryInternational Womens Day 2024 is a time for us to pause and reflect on our journey towards gender equality.It is a time to recognise progress but also consider whether the pace of progres

2、s is fast enough.This is especially the case during times of economic uncertainty,as economic shocks are likely to impact women the hardest,given their overrepresentation in insecure employment and in sectors with low pay.Women face a double whammy during economic downturns,as during such times the

3、risk of inaction towards achieving gender equality in the workplace is at its greatest.Consequently,without immediate action,we risk facing an even more unequal workplace of the future.In addition to achieving equal,inclusive workplaces,improving womens labour market outcomes can be especially power

4、ful during times of economic turmoil.An improvement in womens employment has the potential to generate significant earnings and GDP impacts.This year,we find that the average gender pay gap across the OECD widened from 13.2%in 2021 to 13.5%in 2022.Although womens participation in labour markets acro

5、ss the OECD is rising,they continue to face pay disparities compared to men.In the case of 20 out of the 33 OECD countries on our Index,the gender pay gap was larger on average in 2022 than in the previous year.For readers who are familiar with our reports from previous years,this will not come as a

6、 surprise.The latest data shows that progress towards gender equality in the workplace is too slow.At this pace of progress,it will take more than half a century to close the gender pay gap across the OECD.2Luxembourg tops the Index,followed by Iceland and Slovenia.Luxembourg experienced improvement