Chartbook on Women's Progress

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Chartbook on Women's Progress FUTURE OF WORK@50+ NOVEMBERMONTH 2015 Research Report Looking Back, Looking Ahead: Chartbook on Women’s Progress Ariane Hegewisch Jeff Hayes Jessica Milli Elyse Shaw Heidi Hartmann Institute for Women’s Policy Research Acknowledgments We would like to thank the following members of the AARP Public Policy Institute and AARP’s Office of Policy Integration for their contributions to this paper: Lori Trawinski, Sara Rix, Donald Redfoot, Christina Fitzpatrick, Gary Koenig, Mikki Waid, Alison Shelton, and Julia Alexis. Also, we would like to thank Allison Porter for her assistance as well as an external, anonymous peer reviewer for their time and valuable contributions. AARP’s Public Policy Institute informs and stimulates public debate on the issues we face as we age. Through research, analysis, and dialogue with the About the Future of Work@50+ nation’s leading experts, PPI promotes development of sound, creative policies This report is part of the Future of Work@50+ Initiative. to address our common need for This is a multiyear initiative that examines the challenges economic security, health care, and and opportunities facing older workers. For other reports and quality of life. information, visit: http://www.aarp.org/futureofwork. The views expressed herein are for information, debate, and discussion, and do not necessarily represent official policies of AARP. LOOKING BACK, LOOKING AHEAD: CHARTBOOK ON WOMEN’S PROGRESS i Table of Contents ACKNOWLEDGMENTS ..............................................................................................................................................i ABOUT THE FUTURE OF WORK@50+ ...............................................................................................................i EXECUTIVE SUMMARY .......................................................................................................................................... 1 SECTION 1: INTRODUCTION ..................................................................................................................................4 Different Generations of Women .....................................................................................................................4 SECTION 2: CHANGING DEMOGRAPHY, CHANGING LIVES ...................................................................7 Key Findings .........................................................................................................................................................7 Changing Patterns of Marriage and Childbearing ......................................................................................7 An Increasingly Diverse Population .............................................................................................................. 11 Looking Forward ................................................................................................................................................12 SECTION 3: WOMEN’S EDUCATIONAL PROGRESS ....................................................................................13 Key Findings .......................................................................................................................................................13 The Growth of Postsecondary Education for Women .............................................................................13 Women Are Underrepresented in STEM Fields ........................................................................................16 Looking Forward ................................................................................................................................................18 SECTION 4: THE CHANGING WORLD OF WORK........................................................................................19 Key Findings .......................................................................................................................................................19 Workforce Diversity ...................................................................................................................................... 19 Women’s Advancement in Professional and Managerial Jobs ...............................................................19 Women’s Occupations, Men’s Occupations .................................................................................................21 The Impact of Globalization and Technological Change on Jobs ......................................................... 22 The Changing Nature of Work ...................................................................................................................... 24 Looking Forward ............................................................................................................................................... 25 SECTION 5: WOMEN’S EARNINGS AND THE GENDER WAGE GAP ....................................................27 Key Findings ...................................................................................................................................................... 27 Causes of the Gender Wage Gap ....................................................................................................................31 The Gender Wage Gap during the Life Cycle ............................................................................................ 32 Looking Forward ............................................................................................................................................... 33 SECTION 6: WORK AND CARE ...........................................................................................................................35 Key Findings ...................................................................................................................................................... 35 Time Use and Labor Force Participation ..................................................................................................... 35 Working Part Time ........................................................................................................................................... 38 Women in the Sandwich Generation ........................................................................................................... 38 Policies and Practices that Support Workers with Family Responsibilities ...................................... 39 Looking Forward ...............................................................................................................................................41 SECTION 7: THE SHIFTING FRONTIERS OF RETIREMENT ...................................................................42 Key Findings ...................................................................................................................................................... 42 Income Sources at Older Ages ....................................................................................................................... 42 Participation in Pension Plans among Current Workers ........................................................................ 44 Looking Forward ............................................................................................................................................... 47 ii LOOKING BACK, LOOKING AHEAD: CHARTBOOK ON WOMEN’S PROGRESS SECTION 8: LOOKING AHEAD: POLICIES FOR WOMEN’S WORKPLACE EQUALITY AND ECONOMIC SECURITY ............................................................................................................................................49 Key Findings ..................................................................................................................................................... 49 Policies and Laws to Challenge Discrimination ........................................................................................ 49 A Work-Family Infrastructure for the 21st Century .................................................................................51 Childcare and Elder-Care Services ......................................................................................................... 51 Predictability and Flexibility of Working Time ...................................................................................52 Improving the Quality of Low-Wage Jobs .................................................................................................. 53 Improving Access to Postsecondary Education ......................................................................................... 53 Improving Retirement Security for Women ............................................................................................. 54 Looking Forward ............................................................................................................................................... 54 SECTION 9: SUMMARY AND CONCLUSION ..................................................................................................55 REFERENCES ...............................................................................................................................................................57 Tables Table 1.1 Five Generational Cohorts .........................................................................................................................5 Figures Figure 1.1 Trends in the Gender Earnings Ratio 1960–2013, with Projections to 2058 ................................5 Figure 2.1 Percentage of Women of Different Generations Who Had Never Married by Age 30 ..............7
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