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boost to OECD GDP from increasing female employment rates to match those of Sweden
boost to OECD female earnings from closing the gender pay gap
OECD average gender pay gap
Germany ranks 19th in the "Women in Work Index 2021" of 33 OECD countries
While the pace of progress towards gender equality across the OECD remains slow, the negative impacts of the Coronavirus pandemic are disproportionately being felt by women and threaten to reverse the important gains that have been made in the last decade.
Women’s jobs are being significantly impacted by Covid-19 because of existing gender inequalities in society, and the disruptive impact of the pandemic on service sectors with high levels of female employment. The unemployment rate rose across the OECD in 2020, with women losing their jobs at a faster rate than men. Covid-19 is also amplifying the unequal burden of unpaid care and domestic work carried by women. Caring responsibilities have already caused more women than men to exit the workforce. The longer this higher care burden on women lasts, the more likely women are to leave the labor market permanently - not only reversing progress towards gender equality, but also stunting economic growth.
If no action is taken, it may not be possible to fully repair this damage, or ‘catch up’ to the path towards gender equality that existed before the pandemic. Our scenario analysis shows that the OECD needs progress to be twice as fast as its historical rate if it is to completely recover by 2030.
In this video, PwC's Petra Raspels and Strategy&'s Dr. Peter Gassmann comment on the findings of our #WomenInWork Index 2021 and share what we can learn from Iceland, New Zealand and Sweden.
Before the pandemic, gradual progress was being made across the OECD to advance gender equality in work.