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Business Management

Study: Parent Physicians Face $2M Pay Gap

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Female physicians face significant income disparities compared to their male counterparts, experiencing lower earnings over a 40-year career. The analysis also highlighted the impact of parenthood on physician compensation, with women experiencing decreased annual income with each additional child, while men saw increased earnings after becoming fathers. The COVID-19 pandemic may have exacerbated these disparities, particularly for female physicians with children. Additionally, the paper recommended various approaches for health systems, such as conducting regular salary audits and implementing collective pay agreements to address gender-based pay discrepancies.

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