Vol 51 No 2 (2021): 51(2)
Articles

It’s Not Just a Pay Gap: Quantifying the Gender Wage and Pension Gap at a Post-Secondary Institution in Canada

Tracy Smith-Carrier
Associate Professor
Bio
Marcie Penner
King's University College at Western University
Bio
Aaron Cecala
Postdoctoral Fellow
Bio
Carol Agócs
Professor Emerita
Bio
Published August 31, 2021
Keywords
  • gender equity,
  • pay anomaly,
  • salary anomaly,
  • pension contributions,
  • universities,
  • faculty salaries
  • ...More
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Abstract

What is the impact of the gender pay gap in academia over the course of a career and retirement? To quantify this impact, we used a Canadian post-secondary institution as a case study and simulated the effects of the reported difference in salary across multiple academic career trajectories. A starting wage gap of less than $9,000 resulted in a $300,000–$400,000 gender wage gap over the course of a career, and a further $148,000–$259,000 gender pension gap, for a total gender pension and wage gap of $454,000–$660,000, depending on the rank achieved. Thus, focusing on gender gaps in salary alone leads to a substantial underestimation of the long-term effects of the gender gap.

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