On Equal Pay Day, April 2, there’s no shortage of data on the gender pay gap, and how it affects women over the course of their careers. Researchers at Johns Hopkins University School of Medicine put a price tag on the pay gap’s lasting effects for some by applying wealth accumulation models to the medical school faculty’s own salary and gender data.
The steepest projected losses were $500,000, plenty for a good start on retirement.
The study comes just ahead of a renewed effort by federal lawmakers to make sure women are paid the same as men. Last week, members of the U.S. House of Representatives and the Senate introduced the Paycheck Fairness Act bill.
