Gender Pay Gap across Cultures

Natasha Burns, Kristina Minnick, Jeffry Netter and Laura Starks

No 30100, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Employing a cross-country sample, we examine how a population’s underlying cultural values help explain gender compensation variation across corporate executives. The results show that the cultural differences embedded in societies long before the board’s compensation decisions have significant explanatory power for the observed gender gap in executive compensation. Using an Oaxaca-Blinder decomposition combined with variables previously shown to be fundamental determinants of executive compensation, we find that adding cultural measures increases the model’s explanatory power of the gender compensation gap from 44% to 95%. We use further identification strategies to support causal inference.

JEL-codes: J71 (search for similar items in EconPapers)
Date: 2022-06
New Economics Papers: this item is included in nep-dem, nep-gen, nep-hrm, nep-lma and nep-soc
Note: CF
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Citations: View citations in EconPapers (1)

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