Around the country, women physician researchers make 7 to 8 percent less per year than men. At the Johns Hopkins University School of Medicine, efforts to eliminate such a gender disparity have cut the difference in salaries from 2.6 percent in 2005 to a statistically insignificant 1.9 percent in 2016. But even with that improvement and seemingly small pay gap, women faculty are likely to accumulate much less wealth over their lifetimes, Johns Hopkins researchers found.
The researchers used new models of wealth accumulation -- taking into consideration how much faculty make, time between promotions, and the effects of salary on retirement and other savings -- to calculate the numbers, which were published in JAMA Network Open on Dec. 21.
"One-and-a-half or 2 percent doesn't sound so bad to most people, but at the end of the day, we've shown that this is really a lot of money," says Barbara Fivush, M.D., professor of pediatrics at Johns Hopkins Children's Center and senior associate dean of women in science and medicine at the Johns Hopkins University School of Medicine.
[For more on this study by Johns Hopkins Medicine, go to https://www.sciencedaily.com/releases/2019/01/190128111728.htm]
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