Women-Led Firms and the Gender Gap in Top Executive Jobs
AbstractUsing data on Executive Compensation from Standard and Poor's ExecuComp, this paper explores the gender gap in top executive jobs and the effect of women CEOs, Chairs, and Directors on the pay of other women executives. The results show a narrowing of the uncorrected gender pay gap from the mid-1990s. Women top executives earn between 8% to 25% less than male executives after controlling for differences in company size, occupational title, and industry. The magnitude of the gender pay gap is statistically related to the gender of the Chief Executive and Corporate Board Chair. Women CEO and Board Chairs bring more top women and at higher pay than is found in non-women-led firms. Specifically, female executives in women-led firms earn between 10-20% more than comparable executive women in male-led firms and are between 3-18% more likely to be among the highest five paid executives in these firms as well. The paper thereby provides strong empirical evidence that women leaders are associated with positive outcomes for women executives in substantive and important ways.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1689.
Length: 42 pages
Date of creation: Jul 2005
Date of revision:
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Find related papers by JEL classification:
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
- J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
- J70 - Labor and Demographic Economics - - Labor Discrimination - - - General
- J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
- J78 - Labor and Demographic Economics - - Labor Discrimination - - - Public Policy (including comparable worth)
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- Claudia Goldin, 2013.
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in: Human Capital in History: The American Record
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98-2, Massachusetts Institute of Technology (MIT), Department of Economics.
- Lucian Bebchuk, 2005.
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Oxford Review of Economic Policy,
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- Marianne Bertrand & Kevin Hallock, 1999.
"The Gender Gap in Top Corporate Jobs,"
805, Princeton University, Department of Economics, Industrial Relations Section..
- Francine D. Blau & Lawrence M. Kahn, 2000.
"Gender Differences in Pay,"
NBER Working Papers
7732, National Bureau of Economic Research, Inc.
- Fuchs, Victor R, 1989. "Women's Quest for Economic Equality," Journal of Economic Perspectives, American Economic Association, vol. 3(1), pages 25-41, Winter.
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