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Briefing
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- Ban on Unequal Pay – Iceland passed new law making paying men more than women illegal, which takes effect January 1, 2018
- Legal Requirements – Companies with at least 25 employees must pass government certification showing adherence to new law or pay $500 fine per day
- Most Gender Equal Country – World Economic Forum (WEC) declared Iceland as world’s most gender equal country since 2009
- 2022 Goal – Government plans to completely remove gender pay gap by 2022
- Gender Diverse Government – Women comprise nearly 50% of Iceland’s parliament
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Market Disruption
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Sector
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Cross-sector
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Source
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Kottasová, I., "Iceland makes it illegal to pay women less than men",
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"In Iceland, it's now illegal to pay men more than women,"
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Welle, D., "Iceland becomes the first country to make it illegal to pay men more than women",
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Osborne, S., "Iceland makes it illegal to pay men more than women",
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AcceleratingBiz analysis
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Original Publication Date
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January 2, 2018
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