Study shows female managers in Britain earn less than men, and equality could be 57 years away

LONDON (AP) — A study says female managers in Britain earn 10,000 pounds ($15,600) a year less than their male counterparts, and at current rates will wait 57 years to achieve parity.

The research released Thursday by the Chartered Management Institute is the latest to highlight the continuing gender gap, despite 40-year-old legislation making it illegal to pay men and women differently for the same work.

The gap is partly attributable to men having seniority or getting bigger bonuses. But even at junior management level, the study found women earn at least 1,000 pounds a year less than men.

Women's salaries, however, are growing faster — up 2.8 percent last year, compared to 2.3 percent for men.

The government says that on average women earn about 15 percent less than men.