European added value assessment on the application of the principle of equal pay : Annex II: European added value of applying the principle of Equal Pay for men and women for equal work or work of equal value

T his Study examines the Gender Pay Gap (GPG) in Europe and assesses the potential impact of the report adopted by the European Parliament in May 2012 (The Bauer Report). The Study finds that the greatest potential would be with the streamlining of EU regulation and policy, greater transparency of pay data and broader and more systematic use of work evaluation and job classification. Each of these measures could result in an overall reduction in the GPG of a minimum of 1% point, which in turn has the potential to increase GDP by 0.1%.