Equal pay

Updated: Aug 20, 2021

As specified in the UK legislation by the Equal Pay Act of 1970, amended by the Equal Pay (Amendment) Regulations 1983, the principle that provides for equal pay between women and men in the same employment by giving a woman the right to equal pay in her contract of employment where she is employed on like work to that of a man, or work rated equivalent to that of a man, or work of equal value to that of a man; similar legal requirements are in place in many other countries. More generally, a principle that the pay for given work should be independent of the sex, race, religion, age, or other personal characteristics of the worker.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.