The gender gap among top business executives
Wolfgang Keller (Author), Teresa Molina (Author), Will Olney (Author), Centre for Economic Policy Research (Great Britain) (Publisher)
This paper examines gender differences among top business executives using a large executive-employer matched data set spanning the last quarter century. Female executives make up 6.2% of the sample and we find they exhibit more labor market churning -- both higher entry and higher exit rates. Unconditionally, women earn 26% less than men, which decreases to 7.9% once executive characteristics, firm characteristics, and in particular job title are accounted for. The paper explores the extent to which firm-level temporal flexibility and corporate culture can explain these gender differences. Although we find that women tend to select into firms with temporal flexibility and a female-friendly corporate culture, there is no evidence that this sorting drives the gender pay gap. However, we do find evidence that corporate culture affects pay gaps within firms: the within-firm gender pay gap disappears entirely at female-friendly firms. Overall, while both corporate culture and flexibility affect the female share of employment, only corporate culture influences the gender pay gap
eBook, English, 2020
Centre for Economic Policy Research, London, 2020
1 online resource (35 pages) : illustrations.
"Published 11 December 2020"
"Submitted 08 December 2020"