ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Despite Increased Participation in the Workforce, Women Struggle to Balance Motherhood and Career

Women handle more caregiving after having children, which affects their work and pay, while fathers often earn more, showing differences in caregiving and work.
PUBLISHED MAR 31, 2024
Image Source: Photo by Ketut Subiyanto | Pexels
Image Source: Photo by Ketut Subiyanto | Pexels

After decades of inequality, women are finally making a space for themselves in the workforce and demanding rights such as equal pay along with maternity leaves among other policies to accommodate their needs. But Proceedings of the National Academy of Sciences recently published a study indicating that although having children benefits both parents, females typically bear the majority of the expenses.

Even though more women are obtaining advanced degrees and occupying prominent positions, they frequently take time from work or reduce their hours to care for their families. To have greater flexibility in managing their family responsibilities, some women choose lower-paying employment.

The caregiving obligation has been a major factor in the persistent pay gap that exists between men and women, which is referred to as the "motherhood penalty."

Image Source: Photo by Andrea Piacquadio |Pexels
Image Source: Photo by Andrea Piacquadio |Pexels

According to the PNAS study's authors, moms experience a sharp decline in their jobs and income around the time they give birth, and this lower income may last for a considerable amount of time following childbirth. The National Women's Law Center's vice president of research, Jasmine Tucker says that a cycle is at work. Because they make less money, women are typically the ones who have to take time off work when their children are ill. It's an economically sound option, but regrettably, it keeps happening, turning into a self-fulfilling prophecy.

In contrast, fathers don't experience any negative consequences as parents. A separate report by the British Trade Union Association TUC shows that full-time working fathers receive a wage "bonus" when they become parents. According to the report, fathers earn around 20% more than men who don't have children.

Mothers end up doing the majority of the caregiving duties at home, even when they are the family's principal breadwinners. This conclusion is based on an examination of official data and a different poll carried out by the Pew Research Center. Senior researcher at Pew Richard Fry clarified that domestic chores and caregiving responsibilities aren't balanced in marriages where both partners work and there's a more equal distribution of earning power. He emphasized that even in cases where wives earn more money, there is still a gender disparity in the amount of time spent providing care.

The PNAS study also discovered that in families where women are the main earners, the motherhood penalty is even more significant. Higher-earning women in these families see a drop of around 60% in their earnings after having children compared to their male partners.

Image Source: Photo by Gustavo Fring | Pexels
Image Source: Photo by Gustavo Fring | Pexels

Lauren Sanfilippo, a senior investment strategist at Bank of America's Chief Investment Office, claims that one major reason preventing women from entering the workforce in the United States is the high expense of child care. But adjustments to the way workplaces function might provide some respite.

Three-day-a-week hybrid working is becoming increasingly common due to the resistance of workers to returning to normal working conditions after the pandemic. According to a McKinsey Global Institute study, work attendance has stabilized at levels that are about 30% lower than before the pandemic. Women seem to benefit from this trait because it allows them to continue working after having children. According to Sanfilippo, this hybrid work arrangement may be able to lessen the challenges in balancing motherhood and career.

MORE ON MARKET REALIST
This will not be good news for the Republicans ahead of the Midterm elections.
2 hours ago
The situation might help Donald Trump who is hoping to reduce trade deficit.
2 hours ago
America has a shortage of skilled labor and Walmart is taking things into its own hands.
2 hours ago
Goldman Sachs has projected a 2.6% GDP growth rate for 2026, higher than the 2% consensus.
5 hours ago
Notably, the first half of the year saw 17 significant bankruptcies involving businesses with assets worth more than $1 billion.
7 hours ago
CEO Sam Altman admitted the role will be tough, but it will help mitigate the dangers of AI.
7 hours ago
"Don't beat yourself up, Jeff. That one stumped pretty much everybody watching tonight, including yours truly," a fan reacted.
14 hours ago
In an interview on Fox News' The Big Picture, The Shark Tank star expressed optimism for the economy.
1 day ago
New members will be given a gift card, which can be used for online and in-store purchases.
1 day ago
The IRS Chief, Frank Bisignano, predicted that the largest tax refunds would be due to the OBBBA cuts.
1 day ago
After a certain age, every account holder needs to withdraw a certain amount per year, which is taxed.
1 day ago
The Nobel laureate believes that 2026 will see way more people lose their jobs to the technology.
1 day ago
Unemployment is currently high and there is uncertainty over job security across several roles.
1 day ago
Copper is trading at record high levels, and economists expect the surge to continue through 2026.
1 day ago
The current Chairman of the Federal Reserve, Jerome Powell, will leave the role in May 2026.
1 day ago
"Andrew, talk about a year-end bonus! I mean! Super bonus! You just won $50,000, congratulations!" a fan reacted
1 day ago
While the economy is estimated to grow in 2026, hiring may remain tepid.
4 days ago
That burden of debt on Americans might go up by the time this year comes to an end.
4 days ago
Getting gifts on Christmas is great but people don't always have to like them.
4 days ago
The retailer is adopting tech to evolve with the times and will even see new leadership.
4 days ago