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Purchasing power parities allow for accurate measures of economic data across countries, because they relate the prices of the same goods and services in different nations.[34] [35] * In keeping with Just Facts’ Standards of Credibility, all graphs in this research show the full range of available data, and all facts are cited based upon availability and relevance, not to slant results by singling out specific years that are different from others. Capital and business income provided 28%, and employer-paid benefits made up the remaining 11%.

* In 2013, cash wages and salaries accounted for 61% of market income for U. This varied by income group on average as follows: * Gross domestic product (GDP) measures national economic output, or the value of all goods and services that a country produces in a year.

Nevertheless, it can confidently be concluded that, collectively, those factors account for a major portion and, possibly, almost all of the raw gender wage gap.[301] * In 2013, 54% of Mexico and Central American immigrants aged 25–64 did not have a high school diploma or GED, as compared to 7% of people born in the U. There is something fundamentally misleading about measuring gains to family earnings provided by increases in women’s employment that do not account for the reduction in living standards resulting from declines in time devoted to unpaid work.[327] Greater labor force participation is associated with higher tax revenues because the number of employed people, and therefore the number of people paying income and payroll taxes, tends to rise.

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But they still make 77 cents for every dollar a man earns. A woman deserves equal pay for equal work.[286] [287] [A]fter we controlled for all the factors included in our analysis that we found to affect earnings, college-educated women working full time earned an unexplained 7 percent less than their male peers did one year out of college.

Once we control for outside factors the wage gap between men and women shrinks considerably.

Using 2,000 data points on national debt and economic growth in 20 advanced economies (such as the United States, France, and Japan) from 1800–2009, the authors found that countries with national debts above 90% of GDP averaged 34% less real annual economic growth than when their debts were below 90% of GDP.[83] * In 2013, the Political Economy Research Institute at the University of Massachusetts, Amherst, published a working paper about the economic consequences of government debt.

Using data on national debt and economic growth in 20 advanced economies from 1946–2009, the authors found that countries with national debts over 90% of GDP averaged: * The authors of the above-cited papers have engaged in a heated dispute about the results of their respective papers and the effects of government debt on economic growth.

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