Which brings up another possible difference factor, because men tend to be more risk averse than women
You mean risk tolerant yeah? Risk averse means you don't want to take any more risk than you have to.
You didn't really mention the affect of childbirth on the salary gap. Not only will women take time to have children, but they're far more likely to take on a bigger burden of housework even when working full time, meaning they'll spend less time being seen at work. Even though people are generally having kids later, it still usually happens during peak career-building years - and I'm not even sure how we can even measure how often women are passed over for promotions or job opportunities because of the bias that the company "might" have to accommodate childbirth.
I do know some women that are really trying to educate younger women to take more interest in finances because of the outsized affect it can have on your life later.
was just reading through before I read this comment and edited to "seeking" :)
I don't pick these things up like I used to.
Will comment more after but glad to see someone is paying attention :)
This wasn't about all the factors, just the literacy part. However, from what I have understood, I think the gaps still exist even when women don't have children.
One of my clients from several years ago purposely had her children young and did her studies as they were young. Once she went into her HR job, the other women started having their kids because they chose career first. By the time my client was 30, she was heading up the entire company HR, as she kept getting promoted to fill parental leaves.
This should happen more, but I don't think gender should matter at all. Learn from any source.