March 8 is International Women's Day. A good reason to reflect on how Germany is progressing in closing the gender pay gap. The answer is sobering: in 2023, women in Germany still earned 18% less per hour than men.
"With the birth of the first child, the part-time employment rate for women skyrockets and linger at high levels even as the kids grow," says LBBW Chief Economist Moritz Kraemer. Female careers suffer as a result.
To understand why Kraemer thinks that progress in pay equality has been slow for years and to find out which regions in Germany are doing better, read the latest LBBW To the point.
