Study reveals reasons for men's higher earnings
A study indicates that the wage gap between men and women is approximately 8% in favor of men. Men tend to use external job opportunities as a means of negotiating higher salaries, which helps sustain the gap. In contrast, women often change jobs instead of negotiating for salary increases, resulting in men having greater chances of receiving raises without leaving their positions. Meanwhile, women do not enjoy similar gains despite being equally likely to switch employers. Re-negotiation accounts for about half of the gender wage gap, even though wage transparency laws have been in place across the European Union since June.
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