Last year, in Wal-Mart Stores, Inc. v. Dukes, a deeply divided Supreme Court voted 5-4 to erect significant barriers to employees’ rights to bring class actions under our nation’s nondiscrimination laws. The Equal Employment Opportunity Restoration Act of 2012 (EEORA) will remove the obstacles the Supreme Court placed in the way of ordinary Americans seeking their day in court and provide a clear avenue for employees subject to company-wide discrimination to come together to seek redress. This fact sheet discusses the EEORA and it's impact on women workers.
"We’d love to have a gender lens, but we’d have nothing to invest in.” I rocked back on my heels, absorbing this statement from the head of the Africa division of a large social investment fund.
Yet he is not alone. Two years ago, when I first talked with the head of a domestic fund investing in women entrepreneurs, she said, “Jackie I don’t have a gender lens.” Her concern was that a “gender lens” made her appear soft, not return-focused.
For the last two years, I’ve led Women Effect Investments, a field building initiative for gender lens investing. In the process I’ve discovered multiple challenges talking about gender in the investment world. It surfaces concerns about quotas and quality, culture and stereotypes. It is seen as soft, unnecessarily feminist, or limiting. I see a huge opportunity in transcending these concerns. Given women’s centrality worldwide to economic development, health, education, and a strong civil society, investing with a gender lens illuminates opportunities and highlights risks. Take, for instance, the need for electricity in maternity clinics or the challenges that emerge when loan officers are all men. If more investment vehicles employed a gender lens, we could accelerate change for everyone.
To clarify what I by lens—I mean the point(s) of view by which we can analyze investments. There are at least three different lenses that highlight investment opportunities, and they can and often do overlap.
A new paper by researchers at Texas Christian University, the University of Minnesota, the University of Texas at San Antonio and Arizona State University examine the "lipstick effect" and find that the more insecure the economy, the more money women spend on beauty products.
Although consumer spending typically declines in economic recessions, some observers have noted that recessions appear to increase women‘s spending on beauty products—the so-called lipstick effect. Using both historical spending data and rigorous experiments, we examine how and why economic recessions influence women‟s consumer behavior. Findings revealed that recessionary cues – whether naturally occurring or experimentally primed – decreased desire for most products (e.g., electronics, household items). However, these cues consistently increased women‘s desire for products that increase attractiveness to mates —the first experimental demonstration of the lipstick effect. Additional studies show that this effect is driven by women‘s desire to attract mates with resources and depends on the perceived mate attraction function served by these products. In addition to showing how and why economic recessions influence women‘s desire for beauty products, this research provides novel insights into women‘s mating psychology, consumer behavior, and the relationship between the two.
Developed in collaboration with the Fiscal Policy Institute, the report highlights the disproportionate burden that the Executive Budget proposal places on women, children and families. NYWF hopes that this document will be instrumental in efforts to advance economic security and justice for all in New York City.
Although women make up the majority of college graduates, they still earn significantly less money than men on average. Financial Finesse found that women also lag in financial planning, especially in money management and investing. Greg Ward, a financial research analyst for Financial Finesse, said the study showed that many women are behind on financial literacy.
“The biggest significance of this is when you understand that most women at some point in their lives are going to be solely responsible for their finances,” Ward said.
While 89 percent of men surveyed reported a general investment knowledge about stocks, bonds and mutual funds, only 66 percent of women answered the same. In a similar gap, 78 percent of men reported having a handle on cash flow and spending less than they made each month, compared to 62 percent of women.
Women were less comfortable with their non-mortgage debt load than men, with 71 percent of men saying they were comfortable with their debt and only 52 percent of women.
Likewise, men were more likely to have an emergency fund to cover unexpected expenses, to pay their bills on time each month, and to regularly pay off credit card balances in full. Men were more confident that their investments were allocated appropriately and more often understood the tax implications of their investment and retirement accounts.
Cancer screening has been a contentious issue in recent years. Even by government-backed U.S. Preventative Services Task Force (USPSTF) standards, which some consider to be relatively conservative, screening rates for breast and cervical cancer were low in the study. Only about half of women in the Oregon-based research met USPSTF recommendations.
"People in rural areas tend to go to the doctor only when they are ill, so they don't get the chance to talk about cancer screenings," said Dr. Patricia Carney, a researcher at Oregon Health and Science University, Portland, who led the study.
Previous studies have shown that screening rates are lower among the uninsured, but that research has focused on people in towns and cities.
For the new study, partially funded by the American Cancer Society (ACS), researchers analyzed a decade of medical charts at two private health practices, and two federally funded public health centers in rural Oregon. The study included more than 3,000 men and women, all aged 55 or over when the study began.
They found that about 10 percent of patients lacked insurance coverage. Those with coverage had either private insurance, or a combination of private insurance, Medicare and Medicaid. The insurance status of about 16 percent of patients was unknown.
According to the report in the journal Cancer, people with private insurance were much more likely to be up-to-date for some ACS recommended cancer screenings than people without insurance.
While 56 percent of women with insurance went without recommended mammograms, which the ACS recommends beginning at age 40, 78 percent of uninsured women, and 70 percent of those with Medicare or Medicaid, did.
The Working Mother Research Institute surveyed nearly 2,500 women, including more than 1,200 who have cared for a loved one with Alzheimer's, to get a clear picture of how the responsibility of caregiving affects their emotional, financial and work lives, as well as their families.
A vast majority (93%) of baby boomers say they’ve provided financial support to their adult children, but fathers are significantly more likely than mothers to have helped fund an automobile purchase (58% vs. 48%) or co-signed a loan or lease agreement (42% vs. 32%).
According to IWPR analysis of the June employment report from the U.S. Bureau of Labor Statistics (BLS), job growth continued in May with 69,000 jobs added to nonfarm payrolls. In May women gained 95,000 jobs, but men lost 26,000.
by Institute for Women's Policy Research (June 2012)
Special Features » Infographics » Gender Pay Gap Find Out Exactly What YOU Should Be Paid Get a precise salary range for your exact position. Job Title
More Sharing ServicesShare | Share on facebook Share on google Share on twitter Share on linkedin
Do Men Really Earn More Than Women? [infographic]
inShare 29 Yes, men do earn more than women on average, but not that much more when they work the same job and they have similar experience and abilities. Take a look at what PayScale has discovered about the gender pay gap.
See the methodology for the infographic below.
Embed this graphic. Click to select:
Difference in Annual Pay: To compare male and female pay on a level playing field, we found the median pay for all men in a given job, as well as breakdowns of important compensable factors such as years of experience, location, education level, etc. Then, using PayScale's proprietary MarketMatch™ Algorithm, we determined what the female median pay would be using the exact same blend of compensable factors as our control male group.
What we created was an apples-to-apples comparison of what men and women make, all other factors held equal, according to actual market data. For example, the male software developer median, annual salary is $65,700, which is 4 percent more than the median female value of $63,300.