According to a recent study conducted by a faculty member of the Indian Institute of Management, Ahmedabad (IIM-A), with the increase in formal education, women are shown to earn lesser than their less educated counterparts. Women with basic education like advanced certificates or diplomas earn 10% less than equally qualified men, but the wage gap shoots up to over 40% in cases where women have master’s degrees. Women with master’s degrees earn an annual average income of Rs 2.70 lakh while men make Rs 4.56 lakh, a 40.76% jump on the former. Explaining the disparity in incomes, the study says that women either decide not to take jobs which require extensive on-the job training or exit the job early in life for various reasons (like marriage or motherhood) which lower their earnings.

Read the Economic Times news report here.