"The Y chromosome has lost 90 per cent of the genes it once shared with the X chromosome, and some scientists have speculated that the Y chromosome will disappear in less than 5 million years," said evolutionary biologist Melissa A Wilson Sayres at the University of California, Berkeley, and lead author of the new analysis.
Some mammals have already lost their Y chromosome, though they still have males and females and reproduce normally.
Also, last month, researchers reported shuffling some genes in mice to create Y-less males that could produce normal offspring, leading some commentators to wonder whether the chromosome is superfluous, the new study said.
Wilson Sayres and colleagues compared Y chromosomes in eight African and eight European men and found that patterns of variation on the Y chromosome among the 16 men are consistent with natural selection acting to maintain the gene content there, much of which plays a role in male fertility.
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The Y chromosome's puny size - it contains 27 unique genes versus thousands on the other chromosomes - is a sign it is lean and stripped down to essentials, researchers said.
This meant the Y chromosome was no longer able to correct mistakes efficiently and has thus degraded over time.
There is low genetic diversity in the human Y chromosome, and researchers were able to precisely measure this by comparing variation on a person's Y chromosome with variation on that person's other 22 chromosomes, the X chromosome and the mitochondrial DNA.
The researchers then showed that this low genetic diversity cannot be explained solely by a reduction in the number of males passing on their Y chromosome.
"We show that a model of purifying selection acting on the Y chromosome to remove harmful mutations, in combination with a moderate reduction in the number of males that are passing on their Y chromosomes, can explain low Y diversity," added Wilson Sayres.
The study was published in the journal PLOS Genetics.