Page 92 - Azerbaijan State University of Economics

Zahra Huseynova: The Correlation Between Gender Pay GAP AND GDP Growth In Azerbaijan Economy

Moreover, there is negative effect of literacy rate of male to female population and positive
effect of log of real GDP per capita on wage ratio. However, during the analysis we also
faced some limitations. The first one was regarding the literacy rate. In the regression, we
used primary school completion rate for gender to control literacy gap which was a proxy
variable since the data on male and female adult literacy rate which should be used, was not
sufficient due to small sample size. The other limitations were small sample size due to
unavailability of data in databanks, some missing data or gaps in the data, possible omitted
variables, and lack of investigation in the gender pay gap field for Azerbaijan case.
Moreover, there was also another limitation Yet despite these implications, we believe that
the results of the study will be useful for the implementation of correct government policies,
which will be aimed at reducing the gender pay gap in the future.

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