Women and Economic Gap, a BCRA campaign for 8M
March 2, 2020. March 2, 2020. International Women’s Day is celebrated on March 8, a chance to discuss gender inequality, and encourage women's full development and exercise of rights.
The BCRA contributes to making gender inequality in Argentina more visible. We are carrying out a campaign from March 2 to 8 called “Women and Economic Gap” in our social media under the hashtag #MujeresyBrechaEconómica, with a view to disclosing information about different economic gaps.
Our work will revolve around five axes based on the data released in our Report on Financial Inclusion and other official statistics:
- Unpaid work: the gap in housework is one of the main sources of gender inequality. Women spend more than twice as many hours in unpaid work as men.
On average, women spend 15 hours a week in paid work and 42 hours in unpaid housework.
As for men, they spend 33 hours a week in paid work and 17 hours in unpaid housework.
- Labor gap: women's participation in the economic activity is 20% less than that of men. This translates into a lower number of salary accounts held by women.
In Argentina, 2 out of 10 women and 3 out of 10 men hold salary accounts.
- Income gap: The income gap between women and men is 27% despite women's higher level of education—60% of women have obtained a secondary-school or higher degree compared to 55% in the case of men.
- Credit access gap: men’s access to credit is nearly twice as much as women’s access in the case of pledge or mortgage loans, which require a collateral and longer repayment terms.
As for mortgage loans, the access ratio is 0.5% for women compared to 1% for men; in turn, the access ratio is 1% for women and 1.9% for men in the case of pledge loans.
- Glass ceiling: there are 30% fewer women than men holding senior and decision-making positions.
In particular, 5.4% of women hold chief or executive positions, while 7.8% of men have access to these positions.
All these types of inequalities affect the development and economic independence of women, and hinder the achievement of an egalitarian society.