Factors Influencing the Gender Pay Gap

Research reveals that the average woman makes 83 cents for every $1 earned by a man. Upon closer examination, after accounting for factors like occupation and industry, the pay gap significantly shrinks from 21% to less than 5%. Studies, such as the one on Uber drivers, show that controlling for various factors like risk tolerance and working hours can eliminate the pay gap entirely, indicating that it is not solely based on gender discrimination.