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The Gender Promotion Gap: Evidence from Central Banking

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  • Laura Hospido
  • Luc Laeven
  • Ana Lamo

Abstract

We examine gender differences in career progression and promotions using personnel data from the European Central Bank (ECB) during the period 2003-2017. A gender wage gap emerges within a few years of hiring, despite broadly similar entry conditions. We also find a gender promotion gap before 2010 when the ECB issued a public commitment to diversity. Following this change, the promotion gap disappears. Using data on promotion applications, we find a gender application bias, partly driven by preferences for competition. Following promotion, women perform better in terms of salary progression.

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  • Laura Hospido & Luc Laeven & Ana Lamo, 2022. "The Gender Promotion Gap: Evidence from Central Banking," The Review of Economics and Statistics, MIT Press, vol. 104(5), pages 981-996, December.
    • Handle: RePEc:tpr:restat:v:104:y:2022:i:5:p:981-996
    DOI: 10.1162/rest_a_00988
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    Cited by:

    1. Amanda Goodall & Margit Osterloh & Mandy Fong, 2020. "Women Shy Away From Competition – How To Overcome It," CREMA Working Paper Series 2020-21, Center for Research in Economics, Management and the Arts (CREMA).
    2. Ghazala Azmat & Vicente Cunãt & Emeric Henry, 2020. "Gender Promotion Gaps: Career Aspirations and Workplace Discrimination," Sciences Po Economics Discussion Papers 2019-17, Sciences Po Departement of Economics.
    3. Simona Malovana & Martin Hodula & Zuzana Rakovska, 2020. "Researching the Research: A Central Banking Edition," Research and Policy Notes 2020/03, Czech National Bank.
    4. Farré, Lídia & Ortega, Francesc, 2021. "Family Ties, Geographic Mobility and the Gender Gap in Academic Aspirations," IZA Discussion Papers 14561, Institute of Labor Economics (IZA).
    5. Enrico Nano & Ugo Panizza & Martina Viarengo, 2021. "A Generation of Italian Economists," IHEID Working Papers 08-2021, Economics Section, The Graduate Institute of International Studies.
    6. Andri Chassamboulli & Demetris Koursaros, 2022. "Career and Non-Career Jobs: Dangling the Carrot," University of Cyprus Working Papers in Economics 07-2022, University of Cyprus Department of Economics.
    7. Ivan Privalko, 2021. "Gender differences in Russia's job mobility and its rewards," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 29(3), pages 405-429, July.
    8. Luz A. Florez & Ligia Alba Melo-Becerra & Carlos Esteban Posada, 2021. "Estimating the reservation wage across city groups in Colombia: A stochastic frontier approach," Borradores de Economia 1163, Banco de la Republica de Colombia.
    9. Lamo, Ana & Laeven, Luc, 2019. "The gender promotion gap: what holds back female economists from making a career in central banking?," Research Bulletin, European Central Bank, vol. 63.
    10. Farré, Lídia & Ortega, Francesc, 2019. "Selecting Talent: Gender Differences in Participation and Success in Competitive Selection Processes," IZA Discussion Papers 12530, Institute of Labor Economics (IZA).

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    More about this item

    JEL classification:

    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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