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Gender and Job Performance: Evidence from Wall Street

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  • T. Clifton Green
  • Narasimhan Jegadeesh
  • Yue Tang

Abstract

We study the relation between gender and job performance among brokerage firm equity analysts. Women's representation in analyst positions drops from 16% in 1995 to 13% in 2005. We find women cover roughly 9 stocks on average compared to 10 for men. Women's earnings estimates tend to be less accurate. After controlling for forecast characteristics, the difference in accuracy is roughly equivalent to four years of experience. Despite reduced coverage and lower forecast accuracy, we find women are significantly more likely to be designated as All-Stars, which suggests they outperform at other aspects of the job such as client service.

Suggested Citation

  • T. Clifton Green & Narasimhan Jegadeesh & Yue Tang, 2007. "Gender and Job Performance: Evidence from Wall Street," NBER Working Papers 12897, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:12897
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    Cited by:

    1. Evans Sokro & Noble Osei-Bonsu & Ruby Melody Agbola & Ebenezer Ankrah, 2011. "The Impact of Career Choice on Job Satisfaction among Employees in Ghana," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 2(6), pages 83-88, September.
    2. Thorsten Beck & Patrick Behr & Andre Guettler, 2013. "Gender and Banking: Are Women Better Loan Officers?," Review of Finance, European Finance Association, vol. 17(4), pages 1279-1321.
    3. Paul A. Grout & In-Uck Park & Silvia Sonderegger, 2007. "An Economic Theory of the Glass Ceiling," The Centre for Market and Public Organisation 07/183, The Centre for Market and Public Organisation, University of Bristol, UK.
    4. Bosquet, K. & de Goeij, P. C. & Smedts, K., 2009. "Coexistence and Dynamics of Overconfidence and Strategic Incentives," Other publications TiSEM 53ae604c-8815-418c-8101-6, Tilburg University, School of Economics and Management.
    5. Bosquet, K. & de Goeij, P. C. & Smedts, K., 2009. "Coexistence and Dynamics of Overconfidence and Strategic Incentives," Discussion Paper 2009-81, Tilburg University, Center for Economic Research.
    6. repec:hal:journl:dumas-00934606 is not listed on IDEAS
    7. Daniela Beckmann & Lukas Menkhoff, 2008. "Will Women Be Women? Analyzing the Gender Difference among Financial Experts," Kyklos, Wiley Blackwell, vol. 61(3), pages 364-384, August.

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    More about this item

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • J7 - Labor and Demographic Economics - - Labor Discrimination

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