G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16761
DP16761 The Gender Gap at the Top: How Network Size and Composition Impact CEO Pay
José Tavares; Sharmin Sazedj
发表日期2021-11-29
出版年2021
语种英语
摘要This paper advances the literature on the gender pay gap amongst top managers, by explicitly assessing the relevance of professional networks. We use data on the universe of firms in Portugal, where female top managers earn 25% less than their male counterparts, conditional on age, education and firm tenure. We estimate that 20% of the above femalemale earnings difference is due to differences in networks across gender. Making use of Gelbach’s decomposition, we find that the network effect can be ascribed to firm sorting, i.e. well-connected managers tend to be associated to higher paying firms. By focusing on episodes of transitions between firms, and relying on a propensity score matching procedure, we estimate that around 90% of the gender pay gap emerges during the hiring process, and is only slightly aggravated thereafter, due to biased career progression. Roughly one third of the gender gap can be attributed to firm sorting, two thirds of which to differences in networks. We then examine the gender composition of female and male CEOs’ networks. While we find no evidence that females benefit differently from network size, we do find evidence that male connections are more valuable. If, however, we proxy for the inner circle of a manager, taking into account the proximity of connections, we conclude that same gender connections gain relevance. These results suggest that connections between females do play an important role in the existing corporate framework where males are over-represented. We conclude that policies furthering female representation in leadership positions can have positive spillover effect for other women.
主题Organizational Economics
关键词Gender gap Networks Ceo compensation Firm sorting
URLhttps://cepr.org/publications/dp16761
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/545695
推荐引用方式
GB/T 7714
José Tavares,Sharmin Sazedj. DP16761 The Gender Gap at the Top: How Network Size and Composition Impact CEO Pay. 2021.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[José Tavares]的文章
[Sharmin Sazedj]的文章
百度学术
百度学术中相似的文章
[José Tavares]的文章
[Sharmin Sazedj]的文章
必应学术
必应学术中相似的文章
[José Tavares]的文章
[Sharmin Sazedj]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。