Page 87 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.80, # 1, 2023, pp. 83-93

Data
In our paper we analysis the roots of gender pay gap particularly which variables affect
the wage gap and what is magnitude. Thus, in this regard we constructed time series
data set for Azerbaijan for the period 1991-2020 years.

The dependent variable of the research is wage ratio of male to female. The variable
is obtained by dividing male wages to female wages. Both male and female wages are
real variables and shown as percentage of total male and female employment
respectively. The data is provided by World Bank's World Development Indicators
database (Table 1).

Table 1: Average wages of male and female employees
60

50
40
30
20

10
0
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Wages of males Wages of females

Source: World Bank Database, 2019

The main independent variable of our regression analysis is GDP per capita. The data
is constructed by taking real GDP (Gross Domestic Product) with 2010 USD prices
(inflation free) and dividing population of corresponding year. The source of the data
is again World Bank's World Development Indicators database. (Table 2).

Table 2: GDP Per Capita
9000
8000
7000
6000
5000
4000
3000
2000
1000
0
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Source: World Bank Database, 2020

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