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The gender wage gap in top corporate jobs is still there

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Abstract

We investigate the gender wage gap in top corporate jobs for the years 2000 till 2004. Using data from the OSIRIS database, we find that female managers receive 24.0 percent less in total compensation (salary, bonuses, other payments and exercised stock options) than their male colleagues. When we control for personal, firm and industry characteristics, this difference reduces to 15.9 percent. Controlling for occupational segregation, i.e. "glass ceiling", reduces the difference to 6.0 percent. Additional results that fully consider the role of stock option indicate a 9.0 to 12.1 percent difference. These results suggest that the main sources of the gender wage gap in top corporate jobs are occupational segregation and a different endowment of male and female managers with stock options.

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  • B. Burcin Yurtoglu & Christine Zulehner, 2007. "The gender wage gap in top corporate jobs is still there," Vienna Economics Papers vie0701, University of Vienna, Department of Economics.
    • Handle: RePEc:vie:viennp:vie0701
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    More about this item

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • G3 - Financial Economics - - Corporate Finance and Governance

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