Women Reap Fewer Benefits from Education Than Men
4:15 pm, June 27th | by Grace Rasmus
In the ongoing debate as to whether college is worth it in terms of cost versus job prospects, a study by the Organization for Economic Cooperation and Development has determined that college is, in fact, worth it. However, higher education is more valuable for men than it is for women.
According to the OECD study, there is a huge difference in the impact of higher education for women and men. Women with advanced degrees earn only 72 percent of what men of a similar age and education level make.
The largest gender gap in earnings is among workers with tertiary education. “Women with tertiary education and women with below upper secondary education show no increase in earnings, relative to men’s earnings, as they age,” the study says.
Across OECD countries, a woman can expect an average net gain of $69,000 over her working life — about $30,000 less than a man. The gender gap in private net returns is particularly pronounced in Austria, Korea, Norway, the United Kingdom and the United States. The difference is largest in Korea, where gross earning benefits for a man attaining an upper secondary or post-secondary non-tertiary education are around $250,000, but only $71,000 for a woman. The main reasons for this difference lies in differences in social transfers and unemployment costs between the two genders.
The only countries in the study that did not follow this trend were Poland, Greece, Spain, Italy, and Hungary.