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Where Women Stand

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BERKELEY – Despite a deep recession in 2008 and a slow recovery thereafter, the first two decades of the twenty-first century were generally a time of economic progress in most advanced economies. Real (inflation-adjusted) per capita GDP in the OECD grew at a compound annual rate of 1.15% between 2000 and 2018, and employment levels steadily increased, hitting record highs in some countries.

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    But this growing prosperity was not shared evenly. Real average wage growth in this period was markedly slower than it was between 1995 and 2000, and real median wage growth was slower still. Work became less secure, and poverty rates (even after tax and transfer payments) rose. Moreover, gender gaps in employment and wages narrowed but remained large, and women continued to confront unique challenges as workers, consumers, and savers.


    © Project Syndicate